The Evolution of Environmental Economics: a View from the Inside
نویسندگان
چکیده
Over the past two decades, environmental and resource economics has evolved from what was once a relatively obscure application of welfare economics to a prominent field of economics in its own right. The number of articles on the natural environment appearing in mainstream economics periodicals has continued to increase, as has the number of economics journals dedicated exclusively to environmental and resource topics. Likewise, the influence of environmental economics on public policy has increased significantly, particularly as greater use has been made of market-based instruments for environmental protection. This essay provides one economist’s perspective on this 20-year evolution, first by tracing it through personal reflections on the professional path that has led to my research and writing. Then, in Section 2 of the paper, I summarize some highlights of my research from the time I received my Ph.D. degree in 1988 through 1999 in seven topic areas: generic issues in environmental economics; benefits and costs of environmental regulation, and the potential use of efficiency and other criteria for evaluating environmental goals; normative analysis of policy instruments; positive analysis of policy instruments; The Singapore Economic Review, Vol. 62, No. 2 (2017) 251–274 © World Scientific Publishing Company DOI: 10.1142/S0217590816500399
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