David Pearce has a long-established international reputation in environmental economics. David Pearce writes in a lucid and clear style which will appeal to students and scholars of environmental economics as well as political scientists, environmental managers and policymakers.

Contents: Introduction: Ethics, Economists and the Environment Part I: Ethics, Ecological Economics and the Environment 1. Valuing the Environment 2. Economists Befriend the Earth 3. Economic Valuation and Ecological Economics 4. The Limits of Cost–Benefit Analysis as a Guide to Environmental Policy Part II: Sustainable Development 5. Sustainable Development 6. Capital Theory and the Measurement of Sustainable Development 7. Measuring Sustainable Development 8. Economic Growth and ‘Sustainable Consumption’ Part III: Applied Environmental Economics 9. Particulate Matter and Human Health in the United Kingdom 10. Assessing the Social Rate of Return from Investment in Temperate Zone Forestry 11. Global Environmental Value and the Tropical Forests 12. The Economics of African Wildlife Utilization 13. Packaging Waste and the Polluter Pays Principle 14. The Social Incidence of Environmental Costs and Benefits 15. A Social Discount Rate for the United Kingdom 16. Current Economic Costs of not Using Risk Assessment in Environmental Policy at the European Community Level Part IV: Global Environmental Change 17. Competing Paradigms for Managing Environmental Change 18. The Economics of Global Warming 19. The Role of Carbon Taxes in Adjusting to Global Warming Index

'. . . the book as a whole may attract most attention from academics with an interest in the development of the discipline of economics and its attempts to engage with growing policy concerns over environmental issues.'