Introduction: the economy and the environment -- Changing perspectives on the environment -- Resources, environment, and economic development -- Economic analysis of environmental issues -- The theory of environmental externalities -- Common property resources and public goods -- Resource...

Environmental problems and their local, national, and global solutions have taken on ever-increasing importance in today's world. Economic analysis of environmental problems is essential, but economic perspectives must be complemented with an understanding of the principles of ecological...

Dairy farmers often rank the benefit from a secure market as a major reason for belonging to a milk-marketing cooperative. This paper proposes a technique for valuing this decreased market risk through development of a willingness-to-pay measure.

Macroeconomic theory has not yet come to grips with major issues of the twenty- first century. These include environmental pressures, demographic changes, the size, structure, and power of multinational corporations, and growing economic inequality. Existing macroeconomic theory also does not...

The trend in mainstream economic thought about macroeconomic policy has been towards minimalism. In the optimistic Keynesian phase of the 1960's, it was assumed that both fiscal and monetary policy were effective tools for macroeconomic management. But the influence of monetarist and New...