Environmental and Natural Resource Economics is the best-selling text for natural resource economics and environmental economics courses, offering a policy-oriented approach and introducing economic theory and empirical work from the field. Students will leave the course with a global perspective of both environmental and natural resource economics and how they interact. Complemented by a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies, this key text highlights what can be learned from the actual experience. This new, 11th edition includes updated data, a number of new studies and brings a more international focus to the subject. Key features include:

  • Extensive coverage of the major issues including climate change, air and water pollution, sustainable development, and environmental justice.
  • Dedicated chapters on a full range of resources including water, land, forests, fisheries, and recyclables.
  • Introductions to the theory and method of environmental economics including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services.
  • Boxed ‘Examples’ and ‘Debates’ throughout the text which highlight global examples and major talking points.

The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book and multiple-choice questions, simulations, references, slides, and an instructor’s manual on the Companion Website.

chapter 1|15 pages

Visions of the Future

chapter 2|28 pages

The Economic Approach

Property Rights, Externalities, and Environmental Problems

chapter 3|27 pages

Evaluating Trade-Offs

Benefit-Cost Analysis and Other Decision-Making Metrics

chapter 4|33 pages

Valuing the Environment


chapter 6|21 pages

Depletable Resource Allocation

The Role of Longer Time Horizons, Substitutes, and Extraction Cost

chapter 7|26 pages


The Transition from Depletable to Renewable Resources

chapter 8|26 pages

Recyclable Resources

Minerals, Paper, Bottles, and E-Waste

chapter 9|35 pages


A Confluence of Renewable and Depletable Resources

chapter 10|17 pages

A Locationally Fixed, Multipurpose Resource


chapter 11|22 pages

Storable, Renewable Resources


chapter 12|34 pages

Common-Pool Resources

Commercially Valuable Fisheries

chapter 13|26 pages

Ecosystem Goods and Services

Nature’s Threatened Bounty

chapter 14|24 pages

Economics of Pollution Control

An Overview

chapter 16|25 pages

Mobile-Source Air Pollution

chapter 17|22 pages

Climate Change

chapter 18|31 pages

Water Pollution

chapter 19|22 pages

Toxic Substances and Environmental Justice

chapter 20|24 pages

The Quest for Sustainable Development

chapter 21|10 pages

Visions of the Future Revisited