The tools of environmental economics guide policymakers as they weigh development against nature, present against future, and certain benefits against uncertain consequences. The policies and research findings explained in this textbook are relevant to decisions made daily by individuals, firms, and governments.

This textbook offers instructors and students a user-friendly, relevant, and up-to-date introduction to these topics while covering recent advancements in the field and significant political and economic changes. The fifth edition has been thoroughly updated while retaining the story-based narratives and visual emphasis of previous editions, capturing students’ attention with full-color photos, graphs, and illustrations. It addresses the impact of changes in world leaders, national priorities, and international agreements along with key developments in the energy sector. These include the way hydraulic fracturing and the surging popularity of natural gas have revolutionized the fossil fuel industries; how new, green-energy technologies are bringing prices down and efficiency levels up; and the arrival of innovative energy sources such as ocean-thermal energy conversion.

Environmental Economics and Natural Resource Management promotes environmental and economic literacy with policy-oriented, application-based content, all delivered in concise, accessible discussions. Through its engaging approach, the text brings the economic way of thinking into discussions of personal, community, corporate, and government activities that affect environmental assets and the quality of life.

part I|123 pages

Building a Foundation

chapter 1|11 pages

The Big Picture

chapter 2|32 pages

Efficiency and Choice

chapter 3|24 pages

Market Failure

chapter 4|30 pages

The Role of Government

chapter 5|24 pages

Trade-offs and the Economy

part II|162 pages

Issues and Approaches

chapter 6|32 pages

Environmental Quality

chapter 7|32 pages


chapter 8|26 pages


chapter 9|20 pages

Population, Poverty, and Economic Growth

chapter 10|28 pages

Biodiversity and Valuation

chapter 11|24 pages

International and Global Issues

part III|119 pages

Policy and Procedure

chapter 12|22 pages

Perspectives on Environmental Policy

chapter 15|28 pages

Environmental Dispute Resolution

chapter 16|22 pages

Morals and Motivation