Taking as its starting point the interdependence of the economy and the natural environment, this book provides a comprehensive introduction to the emerging field of ecological economics. The authors, who have written extensively on the economics of sustainability, build on insights from both mainstream economics and ecological sciences. Part I explores the interdependence of the modern economy and its environment, while Part II focuses mainly on the economy and on economics. Part III looks at how national governments set policy targets and the instruments used to pursue those targets. Part IV examines international trade and institutions, and two major global threats to sustainability - climate change and biodiversity loss. Assuming no prior knowledge of economics, this textbook is well suited for use on interdisciplinary environmental science and management courses. It has extensive student-friendly features including discussion questions and exercises, keyword highlighting, real-world illustrations, further reading and website addresses.
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Michael Common is Emeritus Professor at the Graduate School of Environmental Studies, University of Strathclyde and a member of the editorial board of the journal Ecological Economics. He is highly respected both for his teaching and as author of numerous journal and book publications on the economics of the environment since 1973.
Sigrid Stagl is Lecturer in Ecological Economics at the School of Earth and Environment, University of Leeds. She is a member of the editorial board of the journal Environmental Values and is currently Vice-President of the European Society of Ecological Economics.
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