Natural Resource Economics

Selected Papers of Allen V. Kneese

New Horizons in Environmental Economics series

The late Allen V. Kneese, formerly, Senior Fellow, Resources for the Future, US

Natural Resource Economics brings together in one accessible volume an outstanding selection of Allen V. Kneese’s papers, published over the past 26 years, and ranging widely over natural resource economics including basic theory, empirical issues and policy analysis.

Beginning with a broad overview of the field of natural resource economics, the first part includes papers dealing with ethics and environmental economics, efforts to develop a sustainable economy and optimal organization arrangements for environmental management. The second part explores the history of cost-benefit analysis and Dr Kneese’s work on water allocation in arid areas, including the trading of water rights and water pricing. The final part focuses on environmental economics and policy, including the classic essay ‘Production, Consumption and Externalities’.

‘. . . the depth and clarity which the subject areas are dealt with reflect a considerable contribution to economic analysis of the environment.’
– Tom Crowards, Environmental Politics

‘This book represents an important contribution to the library on environmental economics and is to be recommended for researchers and lecturers seeking a broader perspective on issues in environmental and natural resource economics and policy.’
– Noel Russell, The Manchester School