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Editor's Choice The Early History of Environmental Economics

Author

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  • Agnar Sandmo

Abstract

This article traces the history of economists’ treatment of environmental problems prior to the establishment of environmental economics as a separate field in the 1960s. I examine the economics literature from the late eighteenth century onward, searching for an awareness among early economists of both the effects of economic activity on the natural and social environment and the feedback from the environment to the economy. I argue that the way in which economic theory developed made it increasingly relevant for the study of environmental issues and the design of appropriate economic policies. (JEL: B00, Q30, Q50)

Suggested Citation

  • Agnar Sandmo, 2015. "Editor's Choice The Early History of Environmental Economics," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 9(1), pages 43-63.
    • Handle: RePEc:oup:renvpo:v:9:y:2015:i:1:p:43-63.
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    File URL: http://hdl.handle.net/10.1093/reep/reu018
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    Citations

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    Cited by:

    1. Hrozencik, R. Aaron, 2018. "Energy, Food, and Water; Electricity Cooperative Pricing and Groundwater Irrigation Decisions," 2018 Annual Meeting, August 5-7, Washington, D.C. 274322, Agricultural and Applied Economics Association.
    2. Franco, Marco P.V., 2018. "Searching for a Scientific Paradigm in Ecological Economics: The History of Ecological Economic Thought, 1880s–1930s," Ecological Economics, Elsevier, vol. 153(C), pages 195-203.
    3. Ottmar Edenhofer & Max Franks & Matthias Kalkuhl, 2021. "Pigou in the 21st Century: a tribute on the occasion of the 100th anniversary of the publication of The Economics of Welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(5), pages 1090-1121, October.
    4. Franco, Marco P.V. & Gaspard, Marion & Mueller, Thomas, 2019. "Time discounting in Harold Hotelling's approach to natural resource economics: The unsolved ethical question," Ecological Economics, Elsevier, vol. 163(C), pages 52-60.
    5. Manolis Manioudis, 2022. "An Early Anticipation of Smart Growth? John Stuart Mill, Knowledge and the ‘East-West’ Distinction," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 2164-2176, September.
    6. Barbier , Edward B., 2020. "From Limits to Growth to Planetary Boundaries: The Evolution of Economic Views on Natural Resource Scarcity," 2020 Conference (64th), February 12-14, 2020, Perth, Western Australia 305259, Australian Agricultural and Resource Economics Society.
    7. Halkos, George & Managi, Shunsuke, 2023. "New developments in the disciplines of environmental and resource economics," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 513-522.
    8. Samuel Fankhauser & Nicholas Stern, 2016. "Climate change, development, poverty and economics," GRI Working Papers 253, Grantham Research Institute on Climate Change and the Environment.
    9. Berta, Nathalie, 2020. "Efficiency without Optimality: A Pragmatic Compromise for Environmental Policies in the Late 1960s," OSF Preprints wp2xf, Center for Open Science.

    More about this item

    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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