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Environmental And Natural Resources Economics: Theory, Policy, And the Sustainable Society Paperback – April 30, 2006

ISBN-13: 978-0765614735 ISBN-10: 0765614731 Edition: 3rd

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Product Details

  • Paperback: 524 pages
  • Publisher: M.E.Sharpe; 3 edition (April 30, 2006)
  • Language: English
  • ISBN-10: 0765614731
  • ISBN-13: 978-0765614735
  • Product Dimensions: 1.2 x 6 x 8.8 inches
  • Shipping Weight: 1.4 pounds
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #316,059 in Books (See Top 100 in Books)

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6 of 6 people found the following review helpful By Richard B. Allen on September 20, 2000
Format: Paperback
"Economics is the study of how scarce resources are allocated among competing uses." - Steven Hackett starts with the basics, perhaps recognizing that many readers (like this reviewer)have a limited, if not non-existent level of knowledge of a subject that controls our lives. Contrary to widespread opinion, economics is not the dismal science, and neither is it an esoteric exercise that is limited to the likes of Alan Greenspan. Hackett's definition of scarcity is similarly enlightening as his definition of economics - "something is said to be scarce when, at a zero price, more is wanted than is available." So most things are scarce, and everyone makes economic decisions about allocating scarce resources, whether or not those allocation decisions involve money and market transactions. From those basic definitions and more, Hackett proceeds to explain and expand upon the value systems and the allocation decisions that we make as individuals and as a society. As the title implies, "Environmental and Natural Resource Economics" concentrates on the decisions that are made about the use of natural resources, including wilderness, forests, minerals, and fisheries. He also discusses pollution and the options for controlling pollution, including market mechanisms for pollution reduction. Sustainable development is a major theme of the book and Hackett explains a variety of approaches to sustainability. For anyone who wants more than an emotional opinion on the environment and the choices that society must make in its use of the environment, Steven Hackett provides a readable and valuable introduction to a subject of critical importance.
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1 of 1 people found the following review helpful By Justin on September 25, 2011
Format: Paperback Verified Purchase
I am writing to report that I was very satisfied with this company. They sent the book on time even before the semester started. I will buy books and other products from them in the future. Trust me they keep their promise.
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Hackett's book does good at introducing microeconomics from an Environmental perspective. The content is not very weighty, and in fact makes for gentle, yet, stimulating reading. He opens by discussing "Ethical Systems of thoughts" and differentiating between price and value. His book then delves a bit deeper into the actual theory whereupon we are introduced to Marginal Benefits, Marginal Costs, Equilibrium, & Market Failure, which is precursory to Externalities. He's even bold enough to introduce Kantian ethics in his short discourse which also includes deontology and teleology. The book is well structured, and although interspersed with some errors (which Hackett has apparently desisted from communicating with me about) it's a swell book overall.
I definitely recommend reading this book alongside Ian Hodge's "Environmental Economics"
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Highly recommended and it is a great book. It was required reading for one of my classes and I am glad I made the purchase.
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