Economics of Environmental Conservation, Second Edition
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Economics of Environmental Conservation, Second Edition

2nd edition

9781843766148 Edward Elgar Publishing
Clement A. Tisdell, Professor Emeritus, School of Economics, The University of Queensland, Australia
Publication Date: 2005 ISBN: 978 1 84376 614 8 Extent: 320 pp
This fully updated and comprehensively revised edition of a classic text concentrates on the economics of conserving the living environment. It begins by covering the ethical foundations and basic economic paradigms’ essential for understanding and assessing ecological economics. General strategies for global environmental conservation, policies for government intervention, developing countries, preserving wildlife and biodiversity, open-access to and common property in natural resources, conservation of natural areas, forestry, agriculture and the environment, tourism, sustainable development and demographic change are also all covered.
Awarded Choice Outstanding Academic Title for 2006

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Contents
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This fully updated and comprehensively revised edition of a classic text concentrates on the economics of conserving the living environment. It begins by covering the ethical foundations and basic economic paradigms’ essential for understanding and assessing ecological economics. General strategies for global environmental conservation, policies for government intervention, developing countries, preserving wildlife and biodiversity, open-access to and common property in natural resources, conservation of natural areas, forestry, agriculture and the environment, tourism, sustainable development and demographic change are also all covered.

This second edition deals with contemporary environmental policy issues that can be expected to be of lasting concern and importance – each chapter benefiting from either the addition of substantial sections of new material, valuable explanations or updates and revisions in light of developments in theory or world events and conditions. Updated techniques of economic analysis are also introduced, explained simply, and applied as appropriate.

Economics of Environmental Conservation, Second Edition is written in an engaging and accessible manner and as such will be warmly received by both specialists and non-specialists in economics. It will find a wide readership amongst academics and policymakers in the fields of ecological, environmental and natural resource economics as well as those involved in development studies, environmental management and science, and conservation ecology and biology. Particular chapters will be of interest to those in tourism studies, agriculture, wildlife management and forestr
Critical Acclaim
‘Tisdell has produced one of the best books in print about the economics of environmental conservation. This volume updates the 1991 edition by discussing more current issues, theories, developments, and analytic frameworks. Tisdell masterfully weaves into many chapters insights from ecological economics – a somewhat new area of economics that cannot be ignored in informed discussions of environmental conservation. . . Tisdell writes clearly and documents each chapter extremely well. He presents a quite balanced view on policy issues, discussing pros and cons of different policies. . . Overall, an extraordinary book. Essential. Academic collections, upper-division undergraduate and up.’
– D.D. Miller, Choice

‘I like it a lot and would certainly recommend it to students as an excellent entry point into environmental economics. It is certainly comprehensive, covering international through to local environmental issues, developed and developing country experiences across both “green” and “brown” topics. The book is written in a highly accessible style and embodies a rigorous theoretical base on which is developed a host of practical examples of application. This reflects Tisdell’s wide ranging experience as one of the “senior statesmen” of environmental economics.’
– Jeff Bennett, The Australian National University

‘A second edition of this book is to be warmly welcomed. The insights it offers into the sustainable use of ecological resources, especially in developing countries, are important for those coming to the study of environmental, resource or ecological economics for the first time. While the treatment of new topics such as globalization and the Environmental Kuznets Curve adds value to the original text, the inclusion of much material from the first edition helps remind us that there is a rich and long-standing literature on this topic.’
– Charles Perrings, University of York, UK

‘In the second edition of Economics of Environmental Conservation Clem Tisdell applies wisdom, experience and carefully developed economic theory to dozens of conservation issues. The result is a wide ranging book that skillfully employs ecological economics to analyse conservation issues drawn often from Australia and Asia and relevant in many countries. The policy options proposed to the diverse conservation issues reflect a philosophy developed during more than thirty years research. The book is a rich source of insight and inspiration for anyone analysing environmental conservation issues.’
– Ross Cullen, Lincoln University, New Zealand

‘Few economists have the breadth of experience and depth of analytical capability to comment with insight on the vast array of issues that now comprise the environmental agenda. Clem Tisdell is one of that small band. Here is a welcome expansion of his already successful Economics of Environmental Conservation. Highly recommended.’
– David Pearce, University College London, UK
Contents
Contents: Preface 1. Economics and the Living Environment 2. Global Conservation Strategies and Concerns 3. Markets and Government Intervention in Environmental Conservation 4. Environmental Conservation in Developing Countries 5. Preservation of Wildlife and Genetic Diversity 6. Open-Access, Common-Property and Natural Resource Management 7. Economics of Conserving Natural Areas and Valuation Techniques 8. Forestry, Trees and Conservation 9. Agriculture and the Environment 10. Tourism, Outdoor Recreation and the Natural Environment 11. Sustainable Development and Conservation 12. Population, Economic Growth, Globalisation and Conservation: A Concluding Perspective Index

LIST OF MOST SIGNIFICANT CHANGES IN CLEM TISDELL'S
SECOND EDITION OF ECONOMICS OF ENVIRONMENTAL CONSERVATION COMPARED TO 1ST EDITION ORGANISED BY CHAPTERS

Chapter 1
Contains a new section on “Uncertainty, welfare and environmental issues”.

Chapter 2
Has been renamed “Global conservation strategies and concerns” updated, and a new section added: “Significant differences between Caring for the Earth and the World Conservation Strateg.”

Chapter 3
• A slight alteration of chapter title has been made so that it now reads: “Markets and government intervention in environmental conservation”.

• A new introductory section has been added in order to place the market system within a set of social mechanisms for environmental management. This enables market mechanisms to be seen in context. Also in this new section the possibility of using market mechanisms for resource management is related to property rights and the scope for excludability on the one hand, and rivalry or competitiveness in the use of resources on the other. This is important because it specifies (classifies) the prospects for using markets to efficiently manage environmental resources.

• New material is added to provide a simplified exposition of the theory of Paretian relevant and irrelevant environmental externalities.

• Tradeable environmental rights are added as one mechanism for managing adverse environmental externalities.

Chapter 4
• Additional illustrations and examples of issues involving environmental conservation in developing countries have been put in the text.

• A final section is added to provide concluding observations on conservation in LDCs.

Chapter 5
Several new sections have been added to this chapter to take account of advances in theory and changed world conditions since the 1st edition eg. the development of the total economic value concept the use of GMOs and growing globalisation. Added sections cover the following:

• Total economic value and the valuation of wildlife and biodiversity;
• Property rights in genetic material, GMOs, and conservation of biodiversity; and
• Globalisation, market extension and genetic diversity of domesticated animals and plants.

Chapter 6
• The title has been slightly changed and a clearer distinction has been made between open-access resources and communal resources.
• There are links back to the property rights discussion in the first section of Chapter 3.
• An extra section has been added to clarify and discuss open-access to resources and its regulation.

Chapter 7
The title of this chapter has been altered somewhat to better reflect its contents. It is now entitled “Economics of conserving natural resources and valuation techniques.” Several extra sections are added, these include:

• “An overview of approaches to estimating the value of non-marketed commodities”. This places the various economic valuation techniques in context.

• “Some additional economic valuation techniques”. This introduces choice modelling and mixed techniques, such as the hedonic travel cost method.

• “Using total economic values for social choices about resource use.” This provides a further opportunity to put economic valuation techniques in context and to follow-up the use of the total economic valuation technique introduced in Chapter 5.

• “Government versus non-government provision of natural areas”. Since the 1st edition, NGOs have become increasingly involved in conservation and this section is added to assess their economic role and the rationale of their involvement.

Chapter 8
A new section has been added:
“Forest plantations versus natural forests: a discussion”. This addresses an important environmental issue.

Chapter 9
A new section has been added entitled “Genetically modified organisms in agriculture: economic and biodiversity issues”. This has been done to keep the chapter on agriculture and the environment abreast of new developments.

Chapter 10
Two sections have been added:
• “Tourism, conservation and the total economic value of a natural area and economic impact and economic impact analysis”. This enables the practical implications of two different sets of economic concepts to be appreciated and provides cross links to sections in Chapters 5 and 7.

• “Sustainability, ecotourism and economics”. This discusses the nature of ecotourism, its economics and whether or not it contributes to sustainability.

Chapter 11
A new section has been added entitled “Capital, natural resource conversion and human welfare: further considerations”. This provides an opportunity to relate natural resources to conceptual developments in the theory of capital and provides a more in depth treatment of strong and weak conditions for sustainable development.

Chapter 12
This chapter has undergone significant change. Its title is altered to “Population, economic growth, globalisation and conservation: a concluding perspective”. The sections on population levels and population growth have been revised and updated. The following new sections are added:
• “Environmental Kuznets curves: do they provide grounds for environmental optimism?” The concept of the environmental Kuznets curve was not in the literature when the 1st edition was produced.

• “Is economic globalisation favourable or unfavourable to environmental conservation?” Since the first edition, economic globalisation has increased in importance and the above issue has been hotly debated. Ecological economics provides some important perspectives on it.

• The “Concluding remarks” section has been rewritten so as to reflect the major changes in this chapter.


Apart from the above, changes have been made in most of the retained sections from the 1st edition (of which only a few have been deleted). For example, to update materials, extra references have been added. However, the essential features of the 1st edition have been retained and no important material from the 1st edition has been discarded. A critically constructive approach is retained.


Clem Tisdell
8 February 2005
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