Drawing on historical and contemporary evidence, this book argues that growing environmental degradation and wealth inequality are linked to how nature is exploited to create economic wealth. Ending the under-pricing of natural capital and insufficient human capital accumulation is essential to overcoming structural imbalance in modern economies.

In a world of growing environmental risks and ecological scarcities, ensuring a safe Anthropocene for humankind is essential. Managing an increasingly "fragile" planet requires new thinking on markets, institutions and governance built on five principles: ending the underpricing of nature, fostering collective action, accepting absolute limits, attaining sustainability, and promoting inclusivity. Rethinking economics and policies in this way can help to overcome the global challenges posed...

The basic unit of nature – the ecosystem – is a special form of wealth, which we can think of as a stock of natural capital. However, perhaps because this capital is free, we have tended to view it as limitless, abundant and always available for our use, exploitation and conversion. Capitalizing on Nature shows how modeling ecosystems as natural capital can help us to analyze the economic behavior that has led to the overuse of so much ecological wealth. It explains how this concept of eco...

Why is natural resource exploitation not yielding greater benefits for the poor economies? In this second edition of his landmark book, Barbier explores this paradox in three parts. Part I gives a historical review of resource use and development, examining current theories that explain the under-performance of today's resource-abundant economies, and proposing a hypothesis of frontier expansion as an alternative explanation. Part II develops models to analyse the key economic factors unde...

This is the first book that employs economics to develop and apply an analytical framework for assessing progress towards the Sustainable Development Goals (SDGs). The authors explore the historical context for the underlying sustainability concept, develop an economics-based analytical framework for assessing progress towards the SDGs, and discuss the implications for sustainability policy and future research.Economics is concerned with analysing the trade-offs in allocating scarc...

Throughout much of history, a critical driving force behind global economic development has been the response of society to the scarcity of key natural resources. Increasing scarcity raises the cost of exploiting existing natural resources and creates incentives in all economies to innovate and conserve more of these resources. However, economies have also responded to increasing scarcity by obtaining and developing more of these resources. Since the agricultural transition over 12,000 yea...

Published in 1989, Blueprint for a Green Economy presented, for the first time, practical policy measures for 'greening' modern economies and putting them on a path to sustainable development. This new book, written by two of the Blueprint for a Green Economy authors, revisits and updates its main messages by asking, first, what has been achieved in the past twenty years, and second, what more needs to be done to generate a truly 'green economy' in the twenty-first centur...

Written for undergraduate students with little or no exposure to economics, this introductory textbook offers a new perspective on environmental economics for the 21st century. It explains how economics for a sustainable world requires a new approach: accepting that the economy is intrinsically dependent on nature. Drawing on up-to-date case studies from around the globe, the book examines how economic concepts and techniques can apply to a wide range of environmental challenges while ensu...

Meeting the short run challenges of reviving the worldwide economy need not mean sacrificing long run economic and environmental sustainability. A Global Green New Deal (GGND) is an economic policy strategy for ensuring a more economically and environmentally sustainable world economic recovery. Reviving growth and creating jobs should be essential objectives. But policies should also aim to reduce carbon dependency, protect ecosystems and water resources, and alleviate poverty. Otherwise,...

Originally published in 1994, Paradise Lost? is the outcome of a unique collaboration between economists and ecologists initiated by the Beijer Institute of the Royal Swedish Academy of Sciences. The book examines how the loss of biodiversity is one of the most serious problems the world faces, and suggests that new, interdisciplinary thinking is required to safeguard both us and the biosphere from the effects of species extinction. The book examines how an integrated, interdiscip...

Originally published in 1992 Economics for the Wilds argues that an economics that properly values the resources of the wilds offers the best long-term security for their future. Most of the world’s wilds have, in fact, always been utilized by local societies who have managed their resources sustainably, and one important guarantee for their preservation is therefore the continued participation of those communities and an adequate reward to them for their management. The book look...

This report has been prepared by the London Environmental Economics Centre (LEEC). LEEC is a joint venture, established in 1988, by the International Institute for Environment and Development (IIED) and the department of Economics of University College London (UCL). Popularly known as The Pearce Report, this book is a report prepared for the Department of the Environment. It demonstrates the ways in which elements in our environment at present under threat from many forms of pollution can ...