Environmental Economics
A Critique of Benefit-Cost Analysis| By: | Philip E. Graves |
| Publisher: | Bloomsbury USA |
| Print ISBN: | 9780742546981 |
| eText ISBN: | 9780742578470 |
| Edition: | 1 |
| Format: | Page Fidelity |
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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.