Natural Resource and Environmental Economics, 4th edition

Published by Pearson United Kingdom (July 21, 2011) © 2011

  • Roger Perman Department of Economics, University of Strathclyde
  • Yue Ma University of Stirling
  • Michael Common University of Strathclyde
  • David Maddison UCL
  • James Mcgilvray University of Strathclyde



  • Easy-to-use search and navigation
  • Add notes and highlights
  • Search by keyword or page

  • A print text (hardcover or paperback)
  • Free shipping

Now in its fourth edition, this book is a comprehensive and contemporary analysis of the major areas of natural resource and environmental economics. All chapters have been fully updated in light of new developments and changes in the subject, and provide a balance of theory, applications and examples to give a rigorous grounding in the economic analysis of the resource and environmental issues that are increasingly prominent policy concerns.

This text has been written primarily for the specialist market of second and third year undergraduate and postgraduate students of economics.

This edition includes a Companion Website.

  • Extensive coverage on economy-wide modelling, valuing the environment, the practice and ethics of discounting and climate change.
  • ‘Real-world problems’ and policy, keeping you informed with topical debates.

·   New chapter on trade and the environment, and for the first time, the text examines the economics of happiness.

·    Extended coverage on economy-wide modelling, valuing the environment, the practice and ethics of discounting and climate change.

·    Easy to follow, new two colour text-design and improved pedagogical features for enhanced readability and quick reference.

·    New boxes on ‘real-world problems’ and policy, keeping you informed with topical debates.

Chapter 1:  An introduction to natural resource and environmental economics                               

Chapter 2:  The origins of the sustainability problem                                                                     

Chapter 3: Ethics, economics and the environment

Chapter 4: Welfare economics and the environment

Chapter 5:  Pollution control: targets

Chapter 6: Pollution control: instruments

Chapter 7:  Pollution policy with imperfect information

Chapter 8:  Economy-wide modelling

Chapter 9: International environmental problems

Chapter 10: Trade and the Environment

Chapter 11: Cost-benefit analysis

Chapter 12:  Valuing the environment

Chapter 13:  Irreversibility, risk and uncertainty

Chapter 14:  The efficient and optimal use of natural resources

Chapter 15:   The theory of optimal resource extraction: non-renewable resources

Chapter 16:   Stock pollution problems

Chapter 17:   Renewable resources

Chapter 18:  Forest resources

Chapter 19:  Accounting for the environment


Roger Perman is Senior Lecturer in Economics, Strathclyde University. His major research interests and publications are in the field of applied econometrics and environmental economics.

Michael Common is Professor in the Graduate School of Environmental Studies at Strathclyde University. His major research interests are the development of ecological economics and policies for sustainability.

Yue Ma is Associate Professor in Economics, Lingnan University, Hong Kong, and Adjunct Professor of Lingnan College, Zhongshan University, China. His major research interests are international banking and finance, as well as environmental economics for developing countries.

David Maddison is Professor of Economics at the University of Birmingham

The late James McGilvray was Professor of Economics at Strathclyde University. He made important contributions in the fields of input-output analysis, social accounting and economic statistics, and to the study of the economics of transition in Central and Eastern Europe.

Need help? Get in touch

Privacy and cookies
By watching, you agree Pearson can share your viewership data for marketing and analytics for one year, revocable by deleting your cookies.

Pearson eTextbook: What’s on the inside just might surprise you

They say you can’t judge a book by its cover. It’s the same with your students. Meet each one right where they are with an engaging, interactive, personalized learning experience that goes beyond the textbook to fit any schedule, any budget, and any lifestyle.