David Pearce's Blueprint for a Green Economy, based on a report for the then Conservative UK government, encouraged a major change of government view to the effect that market-based policies "offer the prospect of a more efficient and flexible response to environmental issues". The policies he...

Agriculture contributes negative and positive externalities to society, that is, beneficial and detrimental changes in human wellbeing to third parties for which they are not generally compensated or charged. Beneficial externalities include the creation of amenity and landscape and negative...

Discussions about applied Cost Benefit Analysis are incomplete without the thorny issue of discounting emerging at some point. Indeed, since the calculation of Net Present Values (NPV), and hence the efficiency of a project or policy, hinges so crucially upon the level of the discount rate...

This timely and important Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be achieved. Twenty years on from the publication of the seminal Brundtland Report, it has become clear that formidable challenges confront policy...