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Price, principle, and the environment /
Mark Sagoff has written an engaging and provocative book about the contribution economics can make to environmental policy. Sagoff argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, he contends that economic a...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge, UK ; New York :
Cambridge University Press,
2004.
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| Colección: | Cambridge books online.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Mark Sagoff has written an engaging and provocative book about the contribution economics can make to environmental policy. Sagoff argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, he contends that economic analysis fails completely when it attempts to attach value to environmental goods. It fails because preference-satisfaction has no relation to any good. Economic valuation lacks data because preferences cannot be observed. Willingness to pay is benchmarked on market price and thus may reflect producer cost not consumer benefit. Moreover, economists cannot second-guess market outcomes because they have no better information than market participants. Mark Sagoff's conclusion is that environmental policy turns on principles that are best identified and applied through political processes. Written with verve and fluency, this book will be eagerly sought out by students and professionals in environmental policy as well as informed general readers. |
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| Descripción Física: | 1 online resource (x, 284 pages) |
| Bibliografía: | Includes bibliographical references (pages 233-279) and index. |
| ISBN: | 0511231725 9780511231728 0511230958 9780511230950 9780511617416 0511617410 9780521837231 0521837235 1280702230 9781280702235 9780521545969 052154596X |