Economics of the environment as an applied field of economics was established during the 1960s. At the time of its foundation, neoclassical environmental economics represented the mainstream view regarding the explanation of the causes of environmental problems and their solutions. Since then,...

1 Introduction -- 2 The Three Fires of Greed, Hatred, and Delusion -- 3 The Eye of the Heart -- 4 Socially Engaged Buddhist Economics -- 5 Right Livelihood Institutions -- 6 Thailand's Inner and Outer Work from SEP to SDG -- 7 Bhutan's High-Level Outer Work (GNH) -- 8 Ecodharma and Econdharma --...

This chapter provides an economic perspective of environmental law and policy. We examine the ends of environmental policy, that is, the setting of goals and targets, beginning with normative issues, notably the Kaldor–Hicks criterion and the related method of assessment known as...

Value estimates for environmental goods can be obtained by either estimating preference parameters as revealed through behavior related to some aspect of the amenity or using stated information concerning preferences for the good. In the environmental economics literature the stated preference...

Physically, pollution occurs because it is virtually impossible to have a productive process that involves no waste; economically, pollution occurs because polluting is less expensive than operating cleanly. This chapter explores the sources and consequences of, and remedies for, pollution and...