Environment and Economy

The economics of natural resources and the environment are once again high on the agenda of both policy makers and economic researchers. But there is still little agreement on the form of analysis of property rights and externalities that is appropriate to such pressing public policy issues as fossil fuel pollution and depletion, global warming and tropical deforestation. In this book, Professor Bromley presents an operational theory of rights, property and property rights, with the intent of informing economic analysis and public debate about natural resource and environmental problems. He explores some applications of the theory, but his prime concern is to demonstrate a conceptual approach to the analysis of property relations concerning natural resources that transcends particular examples and can provide general illumination of the abiding policy issues we face in natural resource and environmental management.