{"product_id":"economics-and-the-environment-isbn-9781394307951","title":"Economics and the Environment","description":"\u003cp\u003e\u003cb\u003eEnables students to understand and shape environmental policy through economics\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eEconomics and the Environment\u003c\/i\u003e equips students with a structured and insightful approach to examining critical questions at the heart of contemporary policy and sustainability debates through the lens of economics. Empowering students to evaluate real-world issues while building a strong foundation in environmental economics, this popular textbook explores critical questions such as “How much pollution is too much?” and “Is the government up to the job?” \u003c\/p\u003e\u003cp\u003eThe fully updated tenth edition of \u003ci\u003eEconomics and the Environment\u003c\/i\u003e combines theoretical rigor with practical application, employing case studies, illustrative examples, and end-of-chapter exercises that enhance understanding and retention. Each concise chapter is designed to foster critical thinking, covering topics including pollution control, government policy, clean technology, and sustainable development. Throughout the text, students are encouraged to consider economic incentives, ethical implications, and the role of global cooperation in the context of pressing environmental issues. \u003c\/p\u003e\u003cp\u003eA vital tool for analyzing and addressing environmental issues in today’s world, \u003ci\u003eEconomics and the Environment, Tenth Edition\u003c\/i\u003e is perfect for undergraduate and graduate courses on environmental economics, policy analysis, and sustainable development within economics, business, and environmental studies programs. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eNew to this Edition:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eNew discussions on climate change, resource economics, and energy policy\u003c\/li\u003e\n\u003cli\u003eNew coverage of the implications of rapidly declining costs for solar power, battery storage, and electric vehicles\u003c\/li\u003e\n\u003cli\u003eUp-to-date Social Cost of Carbon (SCC) estimates with the latest high-impact figures currently used in policy analysis\u003c\/li\u003e\n\u003cli\u003eInsights on the 2022 Inflation Reduction Act (IRA) and its technology-promotion strategies\u003c\/li\u003e\n\u003cli\u003eNew analysis of the potential for a disruptive energy technology transition in the 2020s \u003c\/li\u003e\n\u003cli\u003eRevised content on “peak oil” centered on a demand-side peak rather than a supply-side peak \u003c\/li\u003e\n\u003cli\u003eExpanded coverage of the shifting regulatory environment at the Environmental Protection Agency\u003c\/li\u003e\n\u003cli\u003eFully revised chapters on valuation of the environment and cost-benefit analysis\u003c\/li\u003e\n\u003cli\u003eNew and updated data, examples, figures, and review questions throughout the text\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003cb\u003eWiley Advantage:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003ePresents the latest debates, standards, and regulations to provide an engaging and relevant experience for students and instructors alike\u003c\/li\u003e\n\u003cli\u003eFrames complex environmental issues through a unique four-question approach that strengthens critical thinking\u003c\/li\u003e\n\u003cli\u003eEmphasizes sustainability and ecological economics with a focus on strong sustainability principles\u003c\/li\u003e\n\u003cli\u003eOffers diverse perspectives on government roles and limitations in environmental regulation\u003c\/li\u003e\n\u003cli\u003eHighlights ethical foundations of environmental decision-making to support deeper discussions on policy impacts\u003c\/li\u003e\n\u003cli\u003eExplores ecological economic critiques of economic growth to prepare students for advanced environmental discussions\u003c\/li\u003e\n\u003cli\u003ePresents a rigorous approach to efficient pollution control, benefit-estimation procedures, and incentive-based regulation techniques\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Four Economic Questions About Climate Change 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Introduction 1\u003c\/p\u003e \u003cp\u003e1.2 Four Questions 2\u003c\/p\u003e \u003cp\u003e1.3 How Much Pollution Is Too Much? 5\u003c\/p\u003e \u003cp\u003e1.4 Is Government Up to the Job? 9\u003c\/p\u003e \u003cp\u003e1.5 How Can We Do Better? 9\u003c\/p\u003e \u003cp\u003e1.6 Can We Resolve Global Issues? 12\u003c\/p\u003e \u003cp\u003e1.7 Summary 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I How Much Pollution Is Too Much?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Ethics and Economics 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Introduction 19\u003c\/p\u003e \u003cp\u003e2.2 Utility and Utilitarianism 20\u003c\/p\u003e \u003cp\u003e2.3 Social Welfare 22\u003c\/p\u003e \u003cp\u003e2.4 Summary 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Pollution and Resource Degradation as Externalities 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Introduction 27\u003c\/p\u003e \u003cp\u003e3.2 The Open- Access Problem 29\u003c\/p\u003e \u003cp\u003e3.3 The Public Goods Problem 32\u003c\/p\u003e \u003cp\u003e3.4 Is Sustainable Business a Solution? 35\u003c\/p\u003e \u003cp\u003e3.5 Summary 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Efficiency Standard 40\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Introduction 40\u003c\/p\u003e \u003cp\u003e4.2 Efficiency Defined 40\u003c\/p\u003e \u003cp\u003e4.3 Efficient Pollution Levels 43\u003c\/p\u003e \u003cp\u003e4.4 Marginals and Totals 46\u003c\/p\u003e \u003cp\u003e4.5 The Coase Theorem Introduced 47\u003c\/p\u003e \u003cp\u003e4.6 Air Pollution Control in Baltimore: Calculating the Efficient Standard 48\u003c\/p\u003e \u003cp\u003e4.7 The Ethical Basis of the Efficiency Standard 50\u003c\/p\u003e \u003cp\u003e4.8 Real- World Benefit–Cost Analysis 51\u003c\/p\u003e \u003cp\u003e4.9 Summary 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Measuring the Benefits of Environmental Protection 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Introduction 63\u003c\/p\u003e \u003cp\u003e5.2 Use, Option, and Existence Value: Types of Nonmarket Benefits 64\u003c\/p\u003e \u003cp\u003e5.3 Consumer Surplus, WTP, and WTA: Measuring Benefits 65\u003c\/p\u003e \u003cp\u003e5.4 Risk and the Value of Statistical Life 67\u003c\/p\u003e \u003cp\u003e5.5 Revealed Preference I: Hedonic Regression 72\u003c\/p\u003e \u003cp\u003e5.6 Revealed Preference II: Travel Cost 73\u003c\/p\u003e \u003cp\u003e5.7 Revealed Preference III: Defensive Expenditures 75\u003c\/p\u003e \u003cp\u003e5.8 Stated Preference: Contingent Valuation 76\u003c\/p\u003e \u003cp\u003e5.9 Summary 81\u003c\/p\u003e \u003cp\u003eAppendix 5A: WTA and WTP Redux 86\u003c\/p\u003e \u003cp\u003e5A.1 An Indifference Curve Analysis 86\u003c\/p\u003e \u003cp\u003e5A.2 The Endowment Effect or Substitutability? 88\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Measuring the Costs of Environmental Protection 90\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction 90\u003c\/p\u003e \u003cp\u003e6.2 Direct Costs of Environmental Regulation 91\u003c\/p\u003e \u003cp\u003e6.3 Opportunity Costs of Environmental Regulation: Productivity 93\u003c\/p\u003e \u003cp\u003e6.4 Opportunity Costs of Environmental Regulation: Employment 95\u003c\/p\u003e \u003cp\u003e6.5 General Equilibrium Effects and the Double Dividend 101\u003c\/p\u003e \u003cp\u003e6.6 A Final Look at Benefit–Cost Analysis 102\u003c\/p\u003e \u003cp\u003e6.7 Summary 105\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 The Safety Standard 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Introduction 109\u003c\/p\u003e \u003cp\u003e7.2 Defining the Right to Safety 110\u003c\/p\u003e \u003cp\u003e7.3 The Safety Standard: Inefficient 112\u003c\/p\u003e \u003cp\u003e7.4 The Safety Standard: Not Cost- Effective 113\u003c\/p\u003e \u003cp\u003e7.5 The Safety Standard: Environmental Justice or Regressive Impact? 114\u003c\/p\u003e \u003cp\u003e7.6 Siting Hazardous Waste Facilities: Safety versus Efficiency 116\u003c\/p\u003e \u003cp\u003e7.7 Summary 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 The Sustainability Standard 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction 123\u003c\/p\u003e \u003cp\u003e8.2 Sustainability: Neoclassical and Ecological Approaches 124\u003c\/p\u003e \u003cp\u003e8.3 Future Benefits, Costs, and Discounting 127\u003c\/p\u003e \u003cp\u003e8.4 An Example of Discounting: Light Bulbs 129\u003c\/p\u003e \u003cp\u003e8.5 Savings, Investment, and Market Interest Rates 130\u003c\/p\u003e \u003cp\u003e8.6 The Social Discount Rate and Dynamic Efficiency 131\u003c\/p\u003e \u003cp\u003e8.7 Discounting Climate Change 134\u003c\/p\u003e \u003cp\u003e8.8 Ecological Economics, Strong Sustainability, and the Precautionary Principle 136\u003c\/p\u003e \u003cp\u003e8.9 Strong Sustainability in Practice: Endangered Species, EIS, and Reach 137\u003c\/p\u003e \u003cp\u003e8.10 Summary 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Measuring Sustainability 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Introduction 143\u003c\/p\u003e \u003cp\u003e9.2 Malthus and Ecological Economics 144\u003c\/p\u003e \u003cp\u003e9.3 Modern Debates: Limits to Growth and Planetary Boundaries 146\u003c\/p\u003e \u003cp\u003e9.4 Measuring Strong Sustainability: Impacts and Footprints 148\u003c\/p\u003e \u003cp\u003e9.5 Measuring Weak Sustainability: Net National Welfare and Inclusive Wealth 152\u003c\/p\u003e \u003cp\u003e9.6 Natural Capital Depreciation 156\u003c\/p\u003e \u003cp\u003e9.7 Are We Achieving Sustainability? 158\u003c\/p\u003e \u003cp\u003e9.8 Discounting, Sustainability, and Investing for the Future 162\u003c\/p\u003e \u003cp\u003e9.9 The Ecological–Neoclassical Debate in Context 164\u003c\/p\u003e \u003cp\u003e9.10 Summary 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Natural Resources and Ecosystem Services 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Introduction 171\u003c\/p\u003e \u003cp\u003e10.2 Nonrenewable Resources and the Hotelling Model 172\u003c\/p\u003e \u003cp\u003e10.3 Testing the Nonrenewable Resource Model 178\u003c\/p\u003e \u003cp\u003e10.4 The Roller Coaster Ride of Oil Prices 179\u003c\/p\u003e \u003cp\u003e10.5 Peak Oil? 180\u003c\/p\u003e \u003cp\u003e10.6 Renewable Resources 182\u003c\/p\u003e \u003cp\u003e10.7 Renewable Resource Policy: Fisheries and Endangered Species 186\u003c\/p\u003e \u003cp\u003e10.8 Ecosystem Services and Natural Capital 189\u003c\/p\u003e \u003cp\u003e10.9 Summary 192\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Is More Really Better? Consumption, Welfare, and Behavior 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Introduction 197\u003c\/p\u003e \u003cp\u003e11.2 Money and Happiness 198\u003c\/p\u003e \u003cp\u003e11.3 Social Norms and the Rat Race 199\u003c\/p\u003e \u003cp\u003e11.4 Positional Goods and Consumption Externalities 202\u003c\/p\u003e \u003cp\u003e11.5 Welfare with Social Consumption 203\u003c\/p\u003e \u003cp\u003e11.6 Overconsumption Policy Solutions 205\u003c\/p\u003e \u003cp\u003e11.7 Behavioral Economics and Behavior Change 208\u003c\/p\u003e \u003cp\u003e11.8 Summary 209\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Is Government Up to the Job?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 The Political Economy of Environmental Regulation 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Introduction 215\u003c\/p\u003e \u003cp\u003e12.2 The Process of Environmental Regulation 216\u003c\/p\u003e \u003cp\u003e12.3 Regulation under Imperfect Information 218\u003c\/p\u003e \u003cp\u003e12.4 Bureaucratic Discretion and Political Influence 219\u003c\/p\u003e \u003cp\u003e12.5 The Influence Game: Pre- 2016 221\u003c\/p\u003e \u003cp\u003e12.6 The End of the Bipartisan Consensus 224\u003c\/p\u003e \u003cp\u003e12.7 Better Information, More Democracy 229\u003c\/p\u003e \u003cp\u003e12.8 Summary 231\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 An Overview of Environmental Legislation 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Introduction 235\u003c\/p\u003e \u003cp\u003e13.2 Cleaning the Air 236\u003c\/p\u003e \u003cp\u003e13.3 The Clean Air Act and Climate Change 239\u003c\/p\u003e \u003cp\u003e13.4 Fishable and Swimmable Waters 242\u003c\/p\u003e \u003cp\u003e13.5 Hazardous Waste Disposal on Land 243\u003c\/p\u003e \u003cp\u003e13.6 Chemicals and Pesticides 246\u003c\/p\u003e \u003cp\u003e13.7 Endangered Species Protection 249\u003c\/p\u003e \u003cp\u003e13.8 Summary 251\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 The Regulatory Record: Achievements and Obstacles 254\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Introduction 254\u003c\/p\u003e \u003cp\u003e14.2 Accomplishments of Environmental Regulation 254\u003c\/p\u003e \u003cp\u003e14.3 Monitoring and Enforcement: Political Constraints 258\u003c\/p\u003e \u003cp\u003e14.4 The Appeal of Incentive- Based Regulation 261\u003c\/p\u003e \u003cp\u003e14.5 Beyond Regulation? Promoting Clean Technology 262\u003c\/p\u003e \u003cp\u003e14.6 Summary 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III How Can We Do Better?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Incentive- Based Regulation: Theory 271\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Introduction 271\u003c\/p\u003e \u003cp\u003e15.2 The Cost- Effectiveness Rule 272\u003c\/p\u003e \u003cp\u003e15.3 IB Regulation and Cost- Effectiveness 275\u003c\/p\u003e \u003cp\u003e15.4 IB Regulation and Technological Progress 278\u003c\/p\u003e \u003cp\u003e15.5 Potential Problems with IB Regulation 279\u003c\/p\u003e \u003cp\u003e15.6 Summary 285\u003c\/p\u003e \u003cp\u003eAppendix 15A: Imperfect Regulation in an Uncertain World 288\u003c\/p\u003e \u003cp\u003e15A.1 Minimizing the Costs of Being Wrong 289\u003c\/p\u003e \u003cp\u003e15A.2 An Application to Greenhouse Gas Emissions 291\u003c\/p\u003e \u003cp\u003e15A.3 Summary 292\u003c\/p\u003e \u003cp\u003eAppendix 15B: Incentive- Compatible Regulation 293\u003c\/p\u003e \u003cp\u003e15B.1 Incentives to Lie 293\u003c\/p\u003e \u003cp\u003e15B.2 Incentives to Tell the Truth 295\u003c\/p\u003e \u003cp\u003e15B.3 Summary 297\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Incentive- Based Regulation: Practice 298\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Introduction 298\u003c\/p\u003e \u003cp\u003e16.2 Lead and Chlorofluorocarbons 299\u003c\/p\u003e \u003cp\u003e16.3 Trading Urban Air Pollutants 299\u003c\/p\u003e \u003cp\u003e16.4 Marketable Permits and Acid Rain 303\u003c\/p\u003e \u003cp\u003e16.5 Carbon Trading in the Northeast and California 306\u003c\/p\u003e \u003cp\u003e16.6 Two Failed U.S. Efforts: Mercury and Carbon 309\u003c\/p\u003e \u003cp\u003e16.7 The European Emissions Trading System 311\u003c\/p\u003e \u003cp\u003e16.8 Pollution Taxes and Their Relatives 313\u003c\/p\u003e \u003cp\u003e16.9 Summary 317\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Promoting Clean Technology: Theory 321\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Introduction 321\u003c\/p\u003e \u003cp\u003e17.2 Path Dependence and Clean Technology 322\u003c\/p\u003e \u003cp\u003e17.3 Clean Technology Defined 323\u003c\/p\u003e \u003cp\u003e17.4 If You’re So Smart, Why Aren’t You Rich? 326\u003c\/p\u003e \u003cp\u003e17.5 Picking the Winning Path 329\u003c\/p\u003e \u003cp\u003e17.6 Promoting Early- Stage Clean Technologies 331\u003c\/p\u003e \u003cp\u003e17.7 Promoting Late- Stage Clean Technologies 333\u003c\/p\u003e \u003cp\u003e17.8 Clean Technology: Two Case Studies 336\u003c\/p\u003e \u003cp\u003e17.9 Summary 341\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Energy Policy and the Future 347\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Introduction 347\u003c\/p\u003e \u003cp\u003e18.2 Technology Options: Electricity and Heat 348\u003c\/p\u003e \u003cp\u003e18.3 Policy Options: Electricity and Heat 357\u003c\/p\u003e \u003cp\u003e18.4 Technology Options: Transport 361\u003c\/p\u003e \u003cp\u003e18.5 Policy Options: Transport 365\u003c\/p\u003e \u003cp\u003e18.6 Summary 370\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV How Can We Solve Global Challenges?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19 Poverty, Population, and the Environment 375\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Introduction 375\u003c\/p\u003e \u003cp\u003e19.2 Poverty and the Environment 377\u003c\/p\u003e \u003cp\u003e19.3 The Population Picture in Perspective 380\u003c\/p\u003e \u003cp\u003e19.4 An Economic Approach to Family Size 382\u003c\/p\u003e \u003cp\u003e19.5 Controlling Population Growth 383\u003c\/p\u003e \u003cp\u003e19.6 Consumption and the Global Environment 387\u003c\/p\u003e \u003cp\u003e19.7 Envisioning a Sustainable Future 389\u003c\/p\u003e \u003cp\u003e19.8 Summary 391\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20 Environmental Policy in Low- Income Countries 394\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 Introduction 394\u003c\/p\u003e \u003cp\u003e20.2 The Political Economy of Sustainable Development 394\u003c\/p\u003e \u003cp\u003e20.3 Ending Environmentally Damaging Subsidies 397\u003c\/p\u003e \u003cp\u003e20.4 Establishing and Enforcing Property Rights 398\u003c\/p\u003e \u003cp\u003e20.5 Regulatory Approaches 401\u003c\/p\u003e \u003cp\u003e20.6 Sustainable Technology: Development and Transfer 405\u003c\/p\u003e \u003cp\u003e20.7 Resource Conservation and Debt Relief 407\u003c\/p\u003e \u003cp\u003e20.8 Trade and the Environment 412\u003c\/p\u003e \u003cp\u003e20.9 Summary 416\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21 The Economics of Global Agreements 420\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 Introduction 420\u003c\/p\u003e \u003cp\u003e21.2 Agreements as Public Goods 421\u003c\/p\u003e \u003cp\u003e21.3 Monitoring and Enforcement 422\u003c\/p\u003e \u003cp\u003e21.4 The Ozone Layer and Biodiversity 424\u003c\/p\u003e \u003cp\u003e21.5 Stopping Global Warming: Theory 427\u003c\/p\u003e \u003cp\u003e21.6 Stopping Global Warming: Reality 429\u003c\/p\u003e \u003cp\u003e21.7 Summary 432\u003c\/p\u003e \u003cp\u003eSelected Websites for Environmental and Natural Resource Economists 437\u003c\/p\u003e \u003cp\u003eIndex I- 1\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eEban S. Goodstein\u003c\/b\u003e is Vice President for Environmental and Social Leadership and Director of Graduate Programs in Sustainability at Bard College. He has led numerous national educational initiatives on climate change involving over 2,500 institutions. He is the author of \u003ci\u003eFighting for Love in the Century of Extinction: How Passion and Politics Can Stop Global Warming\u003c\/i\u003e and \u003ci\u003eThe Trade-off Myth: Fact and Fiction about Jobs and the Environment\u003c\/i\u003e. His work has appeared in major publications such as \u003ci\u003eThe New York Times, Scientific American,\u003c\/i\u003e and \u003ci\u003eThe Economist.\u003c\/i\u003e He serves on the editorial board of \u003ci\u003eSustainability: The Journal of Record\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJason C. Wong\u003c\/b\u003e is Assistant Professor of Economics at Babson College, specializing in applied microeconomics with a focus on connectivity and sustainable development. His research has been published in \u003ci\u003eWorld Development\u003c\/i\u003e, \u003ci\u003eEnergy Economics\u003c\/i\u003e, and \u003ci\u003eEnergy Policy\u003c\/i\u003e, among others. A Visiting Fellow at the London School of Economics, Wong has won numerous teaching awards, including the Presidential Award for Outstanding Teaching at Columbia University. He also served as an International Parliamentary Fellow at the German Bundestag. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eStephen Polasky\u003c\/b\u003e is Regents Professor and Fesler-Lampert Professor of Ecological\/Environmental Economics at the University of Minnesota. His research bridges ecology and economics, exploring ecosystem services, biodiversity, sustainability, and renewable energy. Polasky’s work has been featured in \u003ci\u003eEnvironmental Science \u0026amp; Technology, Proceedings of the National Academy of Sciences,\u003c\/i\u003e and \u003ci\u003eNature Sustainability\u003c\/i\u003e. A sought-after expert on environmental policy, he has recently collaborated with the Central Bank of Chile and the National Academy of Sciences.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eEnables students to understand and shape environmental policy through economics\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eEconomics and the Environment\u003c\/i\u003e equips students with a structured and insightful approach to examining critical questions at the heart of contemporary policy and sustainability debates through the lens of economics. Empowering students to evaluate real-world issues while building a strong foundation in environmental economics, this popular textbook explores critical questions such as “How much pollution is too much?” and “Is the government up to the job?” \u003c\/p\u003e\u003cp\u003eThe fully updated tenth edition of \u003ci\u003eEconomics and the Environment\u003c\/i\u003e combines theoretical rigor with practical application, employing case studies, illustrative examples, and end-of-chapter exercises that enhance understanding and retention. Each concise chapter is designed to foster critical thinking, covering topics including pollution control, government policy, clean technology, and sustainable development. Throughout the text, students are encouraged to consider economic incentives, ethical implications, and the role of global cooperation in the context of pressing environmental issues. \u003c\/p\u003e\u003cp\u003eA vital tool for analyzing and addressing environmental issues in today’s world, \u003ci\u003eEconomics and the Environment, Tenth Edition\u003c\/i\u003e is perfect for undergraduate and graduate courses on environmental economics, policy analysis, and sustainable development within economics, business, and environmental studies programs. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eNew to this Edition:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eNew discussions on climate change, resource economics, and energy policy\u003c\/li\u003e\n\u003cli\u003eNew coverage of the implications of rapidly declining costs for solar power, battery storage, and electric vehicles\u003c\/li\u003e\n\u003cli\u003eUp-to-date Social Cost of Carbon (SCC) estimates with the latest high-impact figures currently used in policy analysis\u003c\/li\u003e\n\u003cli\u003eInsights on the 2022 Inflation Reduction Act (IRA) and its technology-promotion strategies\u003c\/li\u003e\n\u003cli\u003eNew analysis of the potential for a disruptive energy technology transition in the 2020s \u003c\/li\u003e\n\u003cli\u003eRevised content on “peak oil” centered on a demand-side peak rather than a supply-side peak \u003c\/li\u003e\n\u003cli\u003eExpanded coverage of the shifting regulatory environment at the Environmental Protection Agency\u003c\/li\u003e\n\u003cli\u003eFully revised chapters on valuation of the environment and cost-benefit analysis\u003c\/li\u003e\n\u003cli\u003eNew and updated data, examples, figures, and review questions throughout the text\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003cb\u003eWiley Advantage:\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003ePresents the latest debates, standards, and regulations to provide an engaging and relevant experience for students and instructors alike\u003c\/li\u003e\n\u003cli\u003eFrames complex environmental issues through a unique four-question approach that strengthens critical thinking\u003c\/li\u003e\n\u003cli\u003eEmphasizes sustainability and ecological economics with a focus on strong sustainability principles\u003c\/li\u003e\n\u003cli\u003eOffers diverse perspectives on government roles and limitations in environmental regulation\u003c\/li\u003e\n\u003cli\u003eHighlights ethical foundations of environmental decision-making to support deeper discussions on policy impacts\u003c\/li\u003e\n\u003cli\u003eExplores ecological economic critiques of economic growth to prepare students for advanced environmental discussions\u003c\/li\u003e\n\u003cli\u003ePresents a rigorous approach to efficient pollution control, benefit-estimation procedures, and incentive-based regulation techniques\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989102379237,"sku":"NP9781394307951","price":70.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394307951.jpg?v=1761782805","url":"https:\/\/k12savings.com\/products\/economics-and-the-environment-isbn-9781394307951","provider":"K12savings","version":"1.0","type":"link"}