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Price, Principle, and the Environment by Mark Sagoff (Hardcover, 2004)

About this product

About this product

Product Information

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.

Product Identifiers

Publisher
Cambridge University Press
ISBN-13
9780521837231
eBay Product ID (ePID)
94498037

Product Key Features

Author
Mark Sagoff
Publication Name
Price, Principle, and the Environment
Format
Hardcover
Language
English
Subject
Geography & Geosciences
Publication Year
2004
Type
Textbook
Number of Pages
294 Pages

Dimensions

Item Height
237mm
Item Width
158mm
Item Weight
514g

Additional Product Features

Title_Author
Mark Sagoff
Topic
Popular Philosophy
Country/Region of Manufacture
United Kingdom

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