Record Display for the EPA National Library Catalog


OLS Field Name OLS Field Data
Main Title Price, principle, and the environment /
Author Sagoff, Mark.
Publisher Cambridge University Press,
Year Published 2004
OCLC Number 54365562
ISBN 0521837235; 9780521837231; 052154596X; 9780521545969
Subjects Environmental economics. ; Environmental policy. ; Milieueconomie. ; Milieubeleid.
Internet Access
Description Access URL
Sample text
Contributor biographical information
Publisher description
Library Call Number Additional Info Location Last
ELBM  HC79.E5S222 2004 AWBERC Library/Cincinnati,OH 05/07/2013
ESAM  HC79.E5S222 2004 Region 10 Library/Seattle,WA 07/29/2005
Collation x, 284 pages ; 24 cm
Includes bibliographical references (pages 233-279) and index.
Contents Notes
Zuckerman's dilemma: an introduction. -- At the monument to General Meade or On the difference between beliefs and benefits. -- Should preferences count? -- Value in use and in exchange or What does willingness to pay measure? -- The philosophical common sense of pollution. -- On the value of wild ecosystems. -- Carrying capacity and ecological economics. -- Cows are better than condos or How economists help solve environmental problems. -- The view from Quincy Library or Civic engagement in environmental problem solving. "This book argues that while economic theory can inform the design of institutions and processes for settling disputes, it cannot measure the value of environmental goods. Environmental economics fails as a science of valuation because preference-satisfaction, its normative basis, has no relation to any value not trivially defined in terms of it. It fails because preferences cannot be observed but must be inferred from arbitrary descriptions of behavior. It fails because market prices are settled largely on the supply side and thus do not correlate with consumer benefits. Maximum willingness to pay represents a conceptual will-o'-the-wisp about which people have no estimate even for ordinary purchases. It fails because economists have no better information then market players and thus cannot second-guess or "correct" market outcomes. The books contends that environmental policy turns not on preferences revealed to economists but on principles that are identified and applied through deliberative political processes." "Students and professionals in environmental studies, whether in law, philosophy, politics, or science, along with informed readers generally, will find that this book thoroughly debunks economic valuation and explains the normative foundations of environmental policy."--Jacket.