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my name is Steven Smith and Ive written environmental economics a very short introduction here are 10 things you should know about environmental economics first left to its own devices a free-market economy will not deliver the level of environmental quality that people want firms can pollute consumers can make choices without concern for the environmental consequences and what we need is some level of environmental regulation some level of government intervention to ensure that those decisions take account of the interests of the rest of society second environmental economics is about this necessary intervention in the workings of the economy its about how much environmental quality do we want and whats the best way of getting it third environmental economics is not a Dogma its a framework for thinking about the fundamental choices and trade-offs in environmental policy for weighing up the advantages and disadvantages of different causes of action it can be used quite flexibly to
