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Environmental Economics

The New Palgrave Dictionary of Economics

Abstract

Environmental economics is a new field, essentially the creation of the present generation of economists. But its roots are in the externality theories of Marshall and Pigou, the public goods theories of Wicksell and Bowen, the general equilibrium theory of Walras, and the applied field of benefit-cost analysis, foreshadowed by Dupuit but cultivated to maturity by economists in the water resource agencies of the US Government.

This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman

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  1. http://link.springer.com/referencework/10.1007/978-1-349-95121-5

    Allen V. Kneese & Clifford S. Russell

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  1. Allen V. Kneese
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  2. Clifford S. Russell
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    Kneese, A.V., Russell, C.S. (1987). Environmental Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_634-1

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    • DOI: https://doi.org/10.1057/978-1-349-95121-5_634-1

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    Chapter history

    1. Latest

      Environmental Economics
      Published:
      24 March 2017

      DOI: https://doi.org/10.1057/978-1-349-95121-5_634-2

    2. Original

      Environmental Economics
      Published:
      24 November 2016

      DOI: https://doi.org/10.1057/978-1-349-95121-5_634-1

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