Preface -- Visions of the future -- The economic approach : property rights, externalities, and environmental problems -- Evaluating trade-offs : benefit-cost analysis and other decision-making metrics -- Valuing the environment : methods -- Dynamic efficiency and sustainable development --...

Environmental problems and their local, national, and global solutions have taken on ever-increasing importance in today's world. Economic analysis of environmental problems is essential, but economic perspectives must be complemented with an understanding of the principles of ecological...