The economic activities of humanity, particularly during the last couple of cen turies, have had a profound impact on the natural environment. Fast depletion of the world's forest resources, fish stocks, fossil fuels and mine deposits have raised many moral as well as practical questions concerning present and future generations. Furthermore, a number of global environmental problems such as acid rain, the 'greenhouse effect' and depletion of the ozone layer are causing concern throughout the world. What does economics say about the exploitation of nature's scarce resources? This book, which is a much expanded version of an earlier publication, Economics of Natural Resources and the Environment, aims mostly at final-year undergraduates reading subjects such as economics, business studies, environ mental science, forestry, marine biology, agriculture and development studies. There is also a good deal of material - especially in the chapters on fisheries, forestry, valuation and discounting - that post-graduate students may find useful as stepping-stones. The material presented stems from my lectures to final-year students at the University of Ulster during the last 12 years, and some of my ongoing research work. When I moved to Northern Ireland in 1982 I was given a course called 'Economics of Exhaustible Resources' to teach. This has changed its title and focus a number of times along with the structure of the University. My early reading lists included a number of journal articles and books written on the sub ject.
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Its lucid style should gain an appreciative audience and its coverage will provide the reader with firm foundation in economic reasoning and analytical ability in environmental and natural resource issues ... should appeal to undergraduates across a wide range of disciplines, not only in economics and environmental science, but also in countryside management, town planning and related courses - Journal of Environmental Planning and Management; A refreshing aspect of Kula's coverage of the economics of natural resources and the environment is his integration of current policy with formal theory, which draws theory alongside the practical issues and problems of resource use. To do this successfully and maintain the manageability of the volume is obviously a difficult objective, yet is one at which he more or less succeeds. - Environment and Planning B: Planning and Design; ...provides an in-depth and well balanced coverage of its subject matter - Biodiversity and Conservation; This is a much expanded and comprehensively updated second edition of what has deservedly become a very popular text...[it is] an excellent book - The Journal of Energy Literature; The work is aimed at final year undergraduates in a wide range of disciplines, not just economics and environmental science. It provides information, analysses, projections and theories which are relevant to the work of economists, environmental scientists, development studies experts, agriculture and fisheries scientists, town and country planners and managers in the mining and petroleum industries. - IMM Abstracts; This is a fully updated and much expanded edition of the important and well received book Economics of Natural Resources and the Environment....deserves a readership beyond that of students...Recommended reading. - Environmental Policy and Planning