Environmental theory and policy are becoming central issues in economics as in other fields of science. This volume focuses on selected aspects of environmental economics. The four papers of the first part deal with more general aspects. They discuss the environmental limits to growth (Wilfred Beckerman), ecological concerns in a market economy (Johannes Heister and Friedrich Schneider), philosophical aspects of intergenerational justice (Joanna Pasek) and evolutionary economics as an approach to environmental problems (Georg Erdman). The three papers of the second part deal with policy instruments. They discuss the designing of markets for CO2 emissions and other pollutants (Johannes Heister and Peter Michaelis), pollution charges as a source of public revenues (Wallace E. Oates) and the role of economic incentives for resourcemanagement in developing countries (Edward B. Barbier). The two papers of the third part deal with trade issues. They discuss the impactof domestic environmental policy on international trade (James A. Tobey) andthe economics of trade in endangered species (Joanne C. Burgess). The two papers of the final part deal with the global dimension. They discuss tropical deforestation (Torsten Amelung) and the question how much we should invest in preserving our current climate (William D. Nordhaus). The contributors include internationally renowned scholars
