Environmental Economics: An Introduction 6th Edition by Barry Field and Martha k Field presents full introduction to the basic rules of environmental economics as they have been developed up to now and as they proceed to evolve. The examples discussed on this textbook symbolize only a pattern of the complete range of points that really exists.
For that reason, the book sticks to the basic ideas and ways in which environmental economists have found to make the basic concepts and models extra specific and relevant to concrete environmental issues. The basic structure and sequence of chapters are unchanged but contain new and updated material that displays the new analysis efforts by environmental economists over the previous couple of years.
The basic structure and sequence of chapters are unchanged. The first part of the book is an introduction, beginning with a chapter on what environmental economics is about, adopted by one on the basic relationships between the economic system and the environment. The subsequent section is dedicated to studying the "tools" of analysis, the principles of demand and price, and the elements of economic effectivity each in market and nonmarket activities.
These chapters are not meant to be completely thorough treatments of these theoretical topics; however, given the objective of the book, the introductory chapters are essential. Even those who have had a course in microeconomic principles might find them valuable for purposes of review. Section Two also contains a chapter in which these economic principles are applied to a simple model of environmental pollution control. In these chapters, as well as the others, authors have tried to leave the presentation with examples taken from current sources, such as newspapers.
Section Three is on environmental analysis. Here we look closely at some of the techniques that have been developed by environmental economists to answer some of the fundamental value questions that underlie environmental decision making. Authors focus especially on the principles of benefit–cost analysis. After this we move to Section Four, on the principles of environmental policy design. It begins with a short chapter dealing with the criteria we might use to evaluate policies, then moves on to chapters on the main approaches to environmental quality management.
Sections Five and Six contain policy chapters, where we examine current developments in environmental policy with the analytical tools developed earlier. Section Five is devoted to environmental policy in the United States, covering federal policy on water, air, and toxic materials. It also contains a chapter on environmental issues at the state and local levels. Finally, the last section looks at international issues, such as environmental policy developments in other countries, global environmental issues, including global warming, and the economics of international environmental agreements.
The book maintains the original structure of the book, but contains much new material. Many of the exhibits, and numerous tables, have been changed, and data tables and figures have been updated. New references have been added to reflect research efforts by environmental economists over the last few years.
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