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Titlebook: Environmental Economics; Individual Incentive Ian Hodge Textbook 1995Latest edition Ian Hodge 1995 air pollution.climate change.environment

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Katharina Elisabeth Daniels,Jens Hollmannsociety will put its available resources to their most valuable uses. Where costs or benefits arise which are not reflected in market transactions, this is referred to as a problem of externality and is one example of market failure.
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Economic Growth and the Environmentt results in population growth beyond food supply, real wages fall, and ultimately death from disease and famine will reduce population to the level where the living can just survive on a bare subsistence income. Economics, with some justice, earned the title of ‘the dismal science’.
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The Uncertain Road to Environmental Policy. In many cases it is necessary to mobilise support for action amongst many different countries. In this chapter we will outline some of the characteristics of environmental problems and of the policy decision-making process which can stand in the way of the development of what might appear to be rational environmental policy.
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