Overview

There is a growing international interest in and concern about natural resource economics and the environment. The economic activities of humans, during the last 200 years in particular, have had a profound impact on the environment. Reckless depletion of the world's forest resources, fish stocks and fossil fuel deposits has raised many moral as well as political questions. Furthermore, environmental problems such as acid rain, the greenhouse effect of atmospheric pollution and destruction of the earth's ozone layer are causing wide concern internationally. This second edition takes an updated look in detail at the history of economic thought on natural resources and the environment, the economics of fisheries, forestry, mining, petroleum, coal and natural gas deposits, there are also chapters devoted to environmental degradation and the economics of the world's natural wonders. A key element in the book's contents is the application of the author's own theory of modified discounting to specific examples of natural resource depletion. ""Economics of Natural Resources and the Environment"" provides information, detailed analyses, projections and theories which are relevant to the work of environmental scientists, agricultural economists, fisheries scientists, marine biologists and managers in the forestry, fishing mining and petroleum industries.

Full Product Details

Author:   E. Kula
Publisher:   Chapman and Hall
Imprint:   Chapman and Hall
Edition:   Second Edition 1994
Dimensions:   Width: 15.50cm , Height: 2.00cm , Length: 23.50cm
Weight:   0.599kg
ISBN:  

9780412576409

ISBN 10:   0412576406
Pages:   400
Publication Date:   30 June 1994
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

1 Development of Ideas on Natural Resources and the Environment.- 1.1 Malthusian Problem.- 1.2 Ricardian Stagnation.- 1.3 J.S. Mill.- 1.4 W.S. Jevons.- 1.5 A.C. Pigou and Other Authoritarians.- 1.6 The United States Presidential Material Commission.- 1.7 Scarcity and Historic Price Trends for Natural Resources.- 1.8 The United States Bureau of Mines.- 1.9 Speculative Estimates.- 1.10 Spaceship Earth.- 1.11 The Club of Rome.- 1.12 Sustainable Development Debate.- 1.13 On the Brightest Side.- 1.14 Pessimists and Optimists.- 1.15 Religion, Ethics and the Environment.- 2 Economics and Policies in Fisheries.- 2.1 Property Rights.- 2.2 Common Access.- 2.3 A Comparative Static Economic Theory of Fishery.- 2.4 A Dynamic Economic Theory of Fishery.- 2.5 The Situation in World Fishery.- 2.6 The Law of the Sea Conferences.- 2.7 Fishing in the Waters of the European Community.- 2.8 Some Aspects of Fishing in United States waters.- 2.9 Rights-Based Fishery Management.- 3 Economics and Policies in Forestry.- 3.1 Regeneration of the Forestry Sector — A Long and Painful Process.- 3.2 Afforestation in the British Isles.- 3.3 Basic Principles of Cost-Benefit Analysis for Forestry.- 3.4 A Case Study in Northern Ireland.- 3.5 Private Sector Forestry in the UK.- 3.6 A Planting Function for Private Afforestation Projects.- 3.7 The Optimum Rotation Problem.- 3.8 Forestry Policy in the European Community.- 3.9 Forestry in the United States.- 3.10 Forest Destruction in the Tropics.- 4. Agriculture and the Environment.- 4.1 Inorganic Nitrate Pollution.- 4.2 Pesticide Pollution.- 4.3 Animal Waste and Pollution.- 4.4 Soil Erosion.- 4.5 Salination.- 4.6 Multipurpose Land Use.- 4.7 Future Prospects.- 5. Economics and Policies in Mining, Petroleum and Natural Gas.- 5.1 Determining Extraction Leveland Resulting Price Path over Time.- 5.2 Factors Affecting Depletion Levels.- 5.3 Further Points.- 5.4 A Test of Fundamental Principle.- 5.5 Market Structure and Resource Use.- 5.6 Some Trends in Fossils Fuel Use.- 6. Economics of Environmental Degradation and Policies.- 6.1 Externalities.- 6.2 The Optimum Level of Environmental Degradation.- 6.3 Methods of Obtaining Optimum Levels of Pollution.- 6.4 Public Policy in the UK.- 6.5 Public Policy in the United States.- 6.6 The European Community and the Environment.- 6.7 Transition in Eastern Europe and the Future of Environmental Policies.- 7. International Environment Problems.- 7.1 Acid Rain.- 7.2 Destruction of the Ozone Layer.- 7.3 The Greenhouse Effect.- 7.4 Destruction of Biological Diversity.- 7.5 International Gatherings and Institutes on the Environment.- 8. Valuation Methods for Environmental Costs and Benefits.- 8.1 Cost-Benefit Analysis.- 8.2 Cost-Effectiveness Analysis.- 8.3 Hedonistic Price.- 8.4 Contingent Valuation.- 8.5 Travel Cost Analysis.- 8.6 Existence Value.- 8.7 Bequest Value.- 8.8 Option Value.- 8.9 Risk and Uncertainty in Valuation of Environmental Attributes.- 9 Economics of Natural Wonders.- 9.1 Some Natural Wonders.- 9.2 A Theory of Natural Wonders.- 9.3 Demand for Natural Phenomena.- 10 Economics and Policies in Nuclear Waste Disposal.- 10.1 A Brief History of Nuclear Power.- 10.2 Nuclear Wastes.- 10.3 Types of Radiation.- 10.4 Disposal Methods.- 10.5 The United States’ First Nuclear Waste Repository.- 10.6 Repository Costs.- 10.7 Long-Term Costs.- 10.8 Nuclear Waste Disposal Policies.- 11 Ordinary and Modified Discounting in Natural Resource and Environmental Policies.- 11.1 Private Versus Social Rate of Interest.- 11.2 Foundation for the Choice of a Social Rate of Discount.- 11.3Isolation Paradox.- 11.4 Ordinary Discounting.- 11.5 Modified Discounting Versus Ordinary Discounting.- 11.6 The Modified Discounting Method (MDM).- 11.7 Debates on Modified Discounting.- 11.8 Some Applications of the Modified Discounting Method.- Appendix 1 The Ordinary Discount Factors.- Appendix 2 Discount Factors for the United Kingdom on the Basis of MDM.- References.- Author Index.

Reviews

Its lucid style should gain an appreciative audience and its coverage will provide the reader with firm foundation in economic reasoning and analytical ability in environmental and natural resource issues ... should appeal to undergraduates across a wide range of disciplines, not only in economics and environmental science, but also in countryside management, town planning and related courses - Journal of Environmental Planning and Management; A refreshing aspect of Kula's coverage of the economics of natural resources and the environment is his integration of current policy with formal theory, which draws theory alongside the practical issues and problems of resource use. To do this successfully and maintain the manageability of the volume is obviously a difficult objective, yet is one at which he more or less succeeds. - Environment and Planning B: Planning and Design; ...provides an in-depth and well balanced coverage of its subject matter - Biodiversity and Conservation; This is a much expanded and comprehensively updated second edition of what has deservedly become a very popular text...[it is] an excellent book - The Journal of Energy Literature; The work is aimed at final year undergraduates in a wide range of disciplines, not just economics and environmental science. It provides information, analysses, projections and theories which are relevant to the work of economists, environmental scientists, development studies experts, agriculture and fisheries scientists, town and country planners and managers in the mining and petroleum industries. - IMM Abstracts; This is a fully updated and much expanded edition of the important and well received book Economics of Natural Resources and the Environment....deserves a readership beyond that of students...Recommended reading. - Environmental Policy and Planning

Its lucid style should gain an appreciative audience and its coverage will provide the reader with firm foundation in economic reasoning and analytical ability in environmental and natural resource issues ... should appeal to undergraduates across a wide range of disciplines, not only in economics and environmental science, but also in countryside management, town planning and related courses - Journal of Environmental Planning and Management; A refreshing aspect of Kula's coverage of the economics of natural resources and the environment is his integration of current policy with formal theory, which draws theory alongside the practical issues and problems of resource use. To do this successfully and maintain the manageability of the volume is obviously a difficult objective, yet is one at which he more or less succeeds. - Environment and Planning B: Planning and Design; ...provides an in-depth and well balanced coverage of its subject matter - Biodiversity and Conservation; This is a much expanded and comprehensively updated second edition of what has deservedly become a very popular text...[it is] an excellent book - The Journal of Energy Literature; The work is aimed at final year undergraduates in a wide range of disciplines, not just economics and environmental science. It provides information, analysses, projections and theories which are relevant to the work of economists, environmental scientists, development studies experts, agriculture and fisheries scientists, town and country planners and managers in the mining and petroleum industries. - IMM Abstracts; This is a fully updated and much expanded edition of the important and well received book Economics of Natural Resources and the Environment...deserves a readership beyond that of students...Recommended reading. - Environmental Policy and Planning

Its lucid style should gain an appreciative audience and its coverage will provide the reader with firm foundation in economic reasoning and analytical ability in environmental and natural resource issues ... should appeal to undergraduates across a wide range of disciplines, not only in economics and environmental science, but also in countryside management, town planning and related courses - Journal of Environmental Planning and Management; A refreshing aspect of Kula's coverage of the economics of natural resources and the environment is his integration of current policy with formal theory, which draws theory alongside the practical issues and problems of resource use. To do this successfully and maintain the manageability of the volume is obviously a difficult objective, yet is one at which he more or less succeeds. - Environment and Planning B: Planning and Design; ...provides an in-depth and well balanced coverage of its subject matter - Biodiversity and Conservation; This is a much expanded and comprehensively updated second edition of what has deservedly become a very popular text...[it is] an excellent book - The Journal of Energy Literature; The work is aimed at final year undergraduates in a wide range of disciplines, not just economics and environmental science. It provides information, analysses, projections and theories which are relevant to the work of economists, environmental scientists, development studies experts, agriculture and fisheries scientists, town and country planners and managers in the mining and petroleum industries. - IMM Abstracts; This is a fully updated and much expanded edition of the important and well received book Economics of Natural Resourcesand the Environment....deserves a readership beyond that of students...Recommended reading. - Environmental Policy and Planning

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