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Résumé :
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Because de foundations of neoclassical economic theory continue to form the basis for policy decisions regarding the environment, the authors focus on clarifying neoclassical thinking as well as analyzing the effects this thinking has had on environmental policy decisions. The mysteries of Pareto optimality, efficiency, price theory, perfect competition, market and intervention failure are addressed in an understandable presentation. With their overview of micro and macroéconomic schools of thought, the authors also provide the context within which current economic theory and policy evolved and point the way to new concepts and policy approaches in economics. Concrete examples are used troughout the book.
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