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The early history of environmental economics

Author

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  • Sandmo, Agnar

    (Dept. of Economics, Norwegian School of Economics and Business Administration)

Abstract

This paper considers economists’ treatment of problems related to the environment prior to the establishment of environmental economics as a separate field in the 1960s. In discussing the literature from the late 18th century onwards, it looks on the one hand for awareness in the work of the early economists of the effects of economic activity on the natural and social environment and of the feedback from the environment to the economy. On the other hand, it describes how economic theory developed in a way which made it increasingly relevant for the study of environmental issues and the design of economic policy.

Suggested Citation

  • Sandmo, Agnar, 2014. "The early history of environmental economics," Discussion Paper Series in Economics 10/2014, Norwegian School of Economics, Department of Economics.
    • Handle: RePEc:hhs:nhheco:2014_010
    as

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    File URL: http://brage.bibsys.no/xmlui/bitstream/handle/11250/194577/1/SAM1014.pdf
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    References listed on IDEAS

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    4. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    5. Ekelund, Robert B, Jr & Ford, George S, 1997. "Nineteenth Century Urban Market Failure?: Chadwick on Funeral Industry Regulation," Journal of Regulatory Economics, Springer, vol. 12(1), pages 27-51, July.
    6. Robert B. Ekelund Jr & Edward O. Price III, 2012. "The Economics of Edwin Chadwick," Books, Edward Elgar Publishing, number 14915.
    7. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, September.
    8. Lewis Cecil Gray, 1914. "Rent under the Assumption of Exhaustibility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 28(3), pages 466-489.
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    Cited by:

    1. Cassar Silvana & Creaco Salvo, 2016. "Towards Tourism Sustainability: General Aspects and Empirical Evidence of the Italian Experience at Decentralized Level, with Specific Reference to Sicily," TalTech Journal of European Studies, Sciendo, vol. 6(1), pages 95-138, February.

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    More about this item

    Keywords

    History of thought; environment; natural resources;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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