The Brundtland Report (WCED, 1987) encouraged the view that the main threats to the environmental sustainability of development are poverty-driven depletion of environmental resources in the developing world, and consumption-driven pollution of the biosphere by the developed world. Recent work...

One of the most important services provided by forests is the control of erosion. We investigated the value of forest cover in protecting water quality in five urban lakes around Prescott, AZ. We first estimated the role of forest cover in regulating sediment loadings into each lake via a...

Honoring Keith Griffin’s more than 40 years of fundamental contributions to the discipline of economics, the papers in this volume reflect his deep commitment to advancing the well-being of the world’s poor majority and his unflinching willingness to question conventional wisdom as...

The Brundtland Report (WCED, 1987) encouraged the view that the main threats to the environmental sustainability of development are poverty‐driven depletion of environmental resources in the developing world, and consumption‐driven pollution of the biosphere by the developed world. Recent...

Biological diversity is a central component of the stock of natural capital on which all economic development is based. Other things being equal, loss of biologically diversity implies loss of development potential, and its conservation through sustainable use or outright protection implies the...

The Environmental Kuznets Curve (EKC) is a hypothesis which implies that it is possible to “grow out of environmental degradation”. Most theoretical models of the EKC relation have not accounted for transboundary and intergenerational externalities nor have empirical studies provided...

Economists have recently begun to consider the questions raised by the ecological concept of resilience – a measure of the degree to which a system can be perturbed before it switches from one stability domain to another. At a theoretical level, it has been argued that the loss of resilience...