This important book deals with the essential principles of resource and environmental economics, provides applications to contemporary issues in this field, and outlines and assesses policies being used or proposed for managing the use of environmental and natural resources. Covering specific contemporary topics such as agriculture and the environment, water use, greenhouse gas management, biodiversity conservation, tourism and the environment, and environmental economics and health, leading issues in resource and environmental economics are outlined and analyzed in an innovative manner. Institutional economics (both new and traditional) is applied and compared with other approaches such as neoclassical economics, behavioral economics and the Austrian School of Economics. This heterogeneous, multi-perspective approach enables problems to be considered from several different angles, thus enhancing the reader's comprehension of the subject matter. Furthermore, using minimal technical jargon, the book takes into account aspects of modern economic analysis such as the costs of and constraints on decision-making and the transaction costs involved in policy implementation.

Clement Tisdell is Professor Emeritus in Economics at The University of Queensland. He is internationally recognized as an outstanding contributor to the development of natural resource and environmental economics. He first began to publish research in this area at the beginning of the 1970s. He has been an editorial member of the journal of Ecological Economics since its inception and serves on the editorial boards of many other academic journals. He has an outstanding record in publishing in scholarly journals and has numerous books to his credit. These books include those on environmental conservation, text books on economics generally and on microeconomics, gender inequality, tourism economics, uncertainty and bounded rationality; just to mention a few. His academic awards have included the University Medal of the University of New South Wales, and a prestigious Postdoctoral Travelling Scholarship of the Australian National University which enabled him to undertake research at Princeton University and at Stanford University. Every month his research publications are read by thousands (according to ResearchGate data) and to date, there have been thousands of citations of his publications. The number of citations of his work continues to increase at a rapid rate. He has held visiting positions at many prestigious universities worldwide. He is a Fellow of the Academy of Social Sciences in Australia and an Honorary Professor of Renmin University (the Peoples' University of China). According to RePEc data, he is one of the world's leading economists.