Non-Fiction Books:

Price, Principle, and the Environment

Format

Hardback

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Price, Principle, and the Environment by Mark Sagoff
$179.99
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Description

Mark Sagoff has written an engaging and provocative book about the contribution economics can make to environmental policy. Sagoff argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, he contends that economic analysis fails completely when it attempts to attach value to environmental goods. It fails because preference-satisfaction has no relation to any good. Economic valuation lacks data because preferences cannot be observed. Willingness to pay is benchmarked on market price and thus may reflect producer cost not consumer benefit. Moreover, economists cannot second-guess market outcomes because they have no better information than market participants. Mark Sagoff's conclusion is that environmental policy turns on principles that are best identified and applied through political processes. Written with verve and fluency, this book will be eagerly sought out by students and professionals in environmental policy as well as informed general readers.

Author Biography

Mark Sagoff is Senior Research Scholar at the Institute for Philosophy and Public Policy, University of Maryland, College Park.
Release date NZ
September 6th, 2004
Author
Country of Publication
United Kingdom
Imprint
Cambridge University Press
Pages
294
Dimensions
152x228x23
ISBN-13
9780521837231
Product ID
1831363

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