Extensively revised and updated, this popular text presents an accessible yet rigorous treatment of environmental and natural resources economics, including climate change and the economics of sustainability. Completely revised and updated, the fourth edition now includes new figures and tables, definitions to assist the reader, and updated policy information. New advances in the science, economics and policy approaches to climate change have been integrated into essentially all-new chapters on incentive regulation and global climate change. This innovative textbook integrates economics with science and public policy in a balanced and accessible way that will be appreciated by students from disciplines ranging from economics and natural resources management to environmental studies and energy policy.

'This book is perfect for students who are studying economics within the broader context of a program in natural resources and environment. Unlike most textbooks in environmental economics, Hackett's puts philosophical issues front and center. He also provides extensive coverage of sustainability, a topic of growing importance that has been ignored by many mainstream texts. Highly recommended.' - Thomas P. Lyon, Director, Erb Institute for Global Sustainable Enterprise, University of Michigan 'The new edition offers students wide-ranging and even-handed exposure to the foundations of environmental and natural resources economics and foes an outstanding job of explaining and illustrating how economic tools can be used to address the kinds of increasingly complex and interrelated environmental problems the future has waiting for students. It's a clearly written and versatile text with the right balance of intellectual and practical content, and valuable links to advanced topics.' - Dennis M. King, University of Maryland 'Thirty-five years ago the field of environmental economics was a small specialty topic. It has since grown, along with awareness of environmental issues, to encompass the most important, challenging, and interesting ideas in economics. Professor Hackett has done a tremendous jo providing the history of economic ideas and mapping their relevance to the social and environmental concerns of the future.' - Dallas Burtraw, Senior Fellow, Resources for the Future 'An excellent text for environmental natural- and social-science students new to economics. The text covers important contemporary topics in environmental and resources economics, including tradable permits and the political economy of environmental regulation using a fairly nontechnical, but still solidly theoretically grounded approach. The accompanying lecture slides and Excel spreadsheets are also a useful resource for instructors.' - Dawn Parker, University of Waterloo '?stands out in a crowded field of textbooks. Professor Hackett explains?less-commonly covered material on ethics, self-governance, political economy, compliance, market power, environmental justice, sustainability, and green markets. The text is packed with visually appealing figures, tables, sidebars, references, and other pedagogical devices, combined with fact-filled and balanced discussions of contemporary policy issues.' - James Willen, University of California, Davis 'The policy discussions are balanced and current with strong interdisciplinary focus. The chapter on fisheries is a gem.' - Michael McKee, Appalachian State University