Environmental Economics

A Critique of Benefit-Cost Analysis

Business & Finance, Economics, Sustainable Development
Cover of the book Environmental Economics by Philip E. Graves, Rowman & Littlefield Publishers
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Author: Philip E. Graves ISBN: 9780742578470
Publisher: Rowman & Littlefield Publishers Publication: April 9, 2007
Imprint: Rowman & Littlefield Publishers Language: English
Author: Philip E. Graves
ISBN: 9780742578470
Publisher: Rowman & Littlefield Publishers
Publication: April 9, 2007
Imprint: Rowman & Littlefield Publishers
Language: English

For the past 25 years, governmental decision-makers have employed the economic approach of benefit-cost analysis for resource allocation decisions. Environmental Economics describes, in a non-technical, readily understandable way, why the actual practice of benefit-cost analysis in environmental settings is heavily biased against the environment. The book provides environmentalists with the tools necessary to show policy-makers that pursuing many policies with apparent costs greater than benefits are, in fact, welfare enhancing.

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For the past 25 years, governmental decision-makers have employed the economic approach of benefit-cost analysis for resource allocation decisions. Environmental Economics describes, in a non-technical, readily understandable way, why the actual practice of benefit-cost analysis in environmental settings is heavily biased against the environment. The book provides environmentalists with the tools necessary to show policy-makers that pursuing many policies with apparent costs greater than benefits are, in fact, welfare enhancing.

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