This is a collection of theoretical papers, including contributions by Partha Dasgupta and three Nobel prize-winning economists: Kenneth Arrow, Amartya Sen, and Joseph Stiglitz. Originally published in 1982.

Climate change is not 'a problem' waiting for 'a solution'. It is an environmental, cultural and political phenomenon which is re-shaping the way we think about ourselves, our societies and humanity's place on Earth. Drawing upon twenty-five years of professional work as an international climate change scientist and public commentator, Mike Hulme provides a unique insider's account of the emergence of this phenomenon and the diverse ways in which it is understood. He uses different standpo...

This book discusses the issues of integration within food and fibre supply chains and the challenges in managing price risk. The problems of integration and price risk are interwoven in agricultural supply chains with production and supply risk as well as hoarding. However, without supply chain integration through commercial trade markets there can be no forward market upon which forward transactions and the management of price risk can be based. Without a forward market that can reduce op...

Climate change is big business. Much of the money so-called green policies cost us goes straight into the pockets of a bewildering range of special interests. Around the world companies are making billions out of the schemes governments have put in place saying they will curb global warming and protect us from the threat of climate change. There is little evidence that those policies are an efficient way to cut emissions. They simply do not represent good value, and the public are right to...

Resource Economics is a text for students with a background in calculus and intermediate microeconomics and a familiarity with the spreadsheet software Excel. The book covers basic concepts (Chapter 1), shows how to set up spreadsheets to solve simple dynamic allocation problems (Chapter 2), and presents economic models for fisheries, forestry, nonrenewable resources, and stock pollutants (Chapters 3–6). Chapter 7 examines the maximin utility criterion when the utility of a generation depe...

This book aims to explore the avenue of landscape economics and provides the building blocks (from different scientific disciplines) for an economic analysis of landscapes. What exactly constitutes and determines the value of a landscape? It focuses on the value of landscapes in its broadest sense, thereby covering a variety of topics including stakeholder involvement in landscape design, landscape governance and landscape perceptions from different countries. Merely saying that landscapes...

It’s one thing to be passionate about protecting the environment. It’s another to be successful at it. This history of environmentalism includes a constant shift from one concern to another, and many laws have been enacted to clean up pollution or preserve natural beauty. However, many of these laws are ineffective and others have had unintended consequences. In this updated edition, Richard Stroup explains how economics applies to environmental decisionmaking, why many of our environmenta...

Bringing together renewable energy and energy security, this book covers both the politics and political economy of renewables and energy security and analyzes renewable technologies in diverse and highly topical countries: Japan, China and Northern Europe.

Around the world, over 1000 carbon policy measures to reduce carbon emissions have been implemented, with varying degrees of effectiveness. In many cases the level of carbon abatement achieved as a result of a policy is unknown and unquantifiable because it simply has not been measured. The consequence of failing to measure savings is wasted energy efficiency investments of up to billions of dollars globally. Moreover, the actual carbon abatement may be much lower than if a methodological ...

Experiments in geoengineering – intentionally manipulating the Earth’s climate to reduce global warming – have become the focus of a vital debate about responsible science and innovation. Drawing on three years of sociological research working with scientists on one of the world’s first major geoengineering projects, this book examines the politics of experimentation. Geoengineering provides a test case for rethinking the responsibilities of scientists and asking how science can take bette...

This book is intended as a warning against the kind of hard-core liberalism which blames state intervention for the disappointing results achieved in matters of macroeconomic, competition and social welfare policy. In calling attention to the social dimension of economics, the book stresses the need for an ethical yardstick which can only be pro vided by an interdisciplinary approach to the economy. One current school of thought claims to have bridged the gap by por traying economics as bo...

This book is an analysis of energy and food subsidies in the MENA region between 2010 and 2014. Using the World Bank’s proprietary SUBSIM model, the book studies the distribution of subsidies and the simulation of subsidy reforms across eight countries within in a partial equilibrium framework. The distributional analysis of subsidies provides information on who benefits from existing subsidies, while the simulations of subsidy reforms provide information on the outcomes of the reforms in ...