Although many students approach an environmental economics class with enthusiasm, some find that seeing things solely through a classical microeconomic lens doesn't capture the whole picture. Harris and Roach, both with the Global Development and Environment Institute at Tufts University, present the subject through the lens of ecological economics, an approach that offers a more natural way at looking at things like climate change or global water cycles. They start with a comprehensive look at both theories before applying them to a range of issues, from the environmental impacts of agricultural systems to the effects of trade and development. This new edition features additional chapters on water economics and the effects of environmental protection on the economy, as well as more instruction on the use of economic valuation techniques. The latest data is also presented concerning population, projected food supplies, prices of minerals, and fossil-fuel subsidies. Each chapter closes with key concepts and discussion questions and a useful 22 page glossary concludes the book. Annotation ⓒ2013 Book News, Inc., Portland, OR (booknews.com)

PART ONE INTRODUCTION: THE ECONOMY AND THE ENVIRONMENT Chapter 1: Changing Perspectives on the Environment 1. Economics and the Environment. 2. A Framework For Environmental Analysis 3. Environmental Microeconomics and Macroeconomics 4. A Look Ahead Chapter 2: Resources, Environment, and Economic Development 1. A Brief History of Economic Growth and the Environment 2. A Summary of Recent Growth 3. The Future of Economic Growth and the Environment 4. Sustainable Development PART TWO ECONOMIC ANALYSIS OF ENVIRONMENTAL ISSUES Chapter 3: The Theory of Environmental Externalities 1. The Theory of Externalities 2. Welfare Analysis of Externalities 3. Property Rights and the Environment Appendix 3.1: Supply, Demand, and Welfare Analysis Appendix 3.2: Externality Analysis: Advanced Material Chapter 4: Common Property Resources and Public Goods 1. Common Property, Open Access, and Property Rights 2. The Environment as a Public Good 3. The Global Commons Chapter 5: Resource Allocation Over Time 1. Allocation of Non-Renewable Resources 2. Hotelling’s Rule and Time Discounting Chapter 6: Valuing the Environment 1. Total Economic Value 2. Overview of Valuation Techniques 3. Cost-Benefit Analysis 4. Conclusion: The Role of Cost-Benefit Analysis in Policy Appendix 6.1: Advanced Material on Valuation Methods Appendix 6.1: Using Excel to Perform Present Value Calculations PART THREE ECOLOGICAL ECONOMICS AND ENVIRONMENTAL ACCOUNTING Chapter 7: Ecological Economics: Basic Concepts 1. An Ecological Perspective 2. Natural Capital 3. Issues of Macroeconomic Scale 4. Long-Term Sustainability 5. Energy and Entropy Chapter 8: National Income and Environmental Accounting 1. Greening the National Income Accounts 2. Environmentally-Adjusted Net Domestic Product 3. Adjusted Net Saving 4. The Genuine Progress Indicator 5. The Better Life Index 6. Environmental Asset Accounts 7. The Future of Alternative Indicators Appendix: Basic National Income Accounting PART FOUR POPULATION, AGRICULTURE, AND THE ENVIRONMENT Chapter 9: Population and the Environment 1. The Dynamics of Population Growth 2. Predicting Future Population Growth 3. The Theory of Demographic Transition 4. Population Growth and Economic Growth 5. Ecological Perspectives on Population Growth 6. Population Policies for the Twenty-First Century Chapter 10: Agriculture, Food and Environment 1. Feeding the World: Population and Food Supply 2. Trends in Global Food Production 3. Projections for the Future 4. Agriculture’s Impact on the Environment 5. Sustainable Agriculture for the Future PART FIVE ENERGY AND RESOURCES Chapter 11: Resources: Scarcity and Abundance 1. The Supply of Non-Renewable Resources 2. Economic Theory of Non-Renewable Resource Use 3. Global Scarcity or Increasing Abundance? 4. Environmental Impacts of Mining 5. The Potential for Recycling Chapter 12: Energy: The Great Transition 1. Energy and Economic Systems 2. Evaluation of Energy Sources 3. Energy Trends and Projections 4. Energy Supplies: Fossil Fuels 5. The Economics of Alternative Energy Futures 6. Policies for the Great Energy Transition Chapter 13: Renewable Resource Use – Fisheries 1. Principles of Renewable Resource Management 2. Ecological and Economic Analyses of Fisheries 3. The Economics of Fisheries in Practice 4. Policies for Sustainable Fisheries Management Chapter 14: Ecosystem Management – Forest Ecosystems 1. The Economics of Forest Management 2. Forest Loss and Biodiversity 3. Policies for Sustainable Forest Management 4. Conclusion: Reconciling Economic and Ecological Principles Chapter 15: Water Economics and Policy 1. Global Supply and Demand for Water 2. Addressing Water Shortages 3. Water Pricing 4. Water Markets and Privatization PART SIX POLLUTION: IMPACTS AND POLICY RESPONSES Chapter 16: Pollution: Analysis and Policy 1. The Economics of Pollution Control 2. Policies for Pollution Control 3. The Scale of Pollution Impacts 4. Assessing Pollution Control Policies 5. Pollution Control Policies in Practice Chapter 17: Greening the Economy 1. The Green Economy: Introduction 2. The Relationship between Economy and Environment 3. Industrial Ecology 4. Does Protecting the Environment Harm the Economy? 5. Creating a Green Economy Chapter 18: Global Climate Change 1. Causes and Consequences of Climate Change 2. Responses to Global Climate Change 3. Economic Analysis of Climate Change Chapter 19: Global Climate Change: Policy Responses 1. Adaptation and Mitigation 2. Climate Change Mitigation: Economic Policy Options 3. Climate Change: The Technical Challenge 4. Climate Change Policy in Practice 5. Economic Policy Proposals PART SEVEN ENVIRONMENT, TRADE, AND DEVELOPMENT Chapter 20: World Trade and the Environment 1. Environmental Impacts of Trade 2. Trade and Environment: Policy and Practice 3. Trade Agreements and the Environment 4. Strategies for Sustainable Trade Chapter 21: Institutions and Policies for Sustainable Development 1. The Concept of Sustainable Development 2. The Economics of Sustainable Development 3. Reforming Global Institutions 4. New Goals and New Production Methods