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Sinopsis
This second edition has been revised and updated to include new material. It features extensive treatment of welfare economics and market failure concepts, project evaluation, investment theory, land markets, the allocation of exhaustible and biological resources, and environmental quality issues. Its policy orientation links economic theory with the world of interest-group politics. The author introduces the concepts of scarcity and growth with in-depth definitions of resource types and a more rigorous treatment of project evaluation.
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Reseña del editor
This second edition has been revised and updated to include new material. It features extensive treatment of welfare economics and market failure concepts, project evaluation, investment theory, land markets, the allocation of exhaustible and biological resources, and environmental quality issues. Its policy orientation links economic theory with the world of interest-group politics. The author introduces the concepts of scarcity and growth with in-depth definitions of resource types and a more rigorous treatment of project evaluation.
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