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Introduction: Economics and Environmental Degradation

In: Foundations of Environmental Economics

Author

Listed:
  • Wolfgang Buchholz

    (University of Regensburg)

  • Dirk Rübbelke

    (TU Bergakademie Freiberg)

Abstract

This introductory chapter explains why economics has to play a central role in dealing with environmental problems and how environmental economics may serve as a valuable complement to natural sciences in finding solutions to environmental challenges. In particular, it is expounded how economic processes are generically embedded in ecological cycles and how pollution has serious effects on ecosystems and human well-being. This chapter then describes that the market system usually fails to address environmental problems in an adequate way so that environmental policy is needed to internalize the external effects caused by pollution.

Suggested Citation

  • Wolfgang Buchholz & Dirk Rübbelke, 2019. "Introduction: Economics and Environmental Degradation," Springer Texts in Business and Economics, in: Foundations of Environmental Economics, chapter 1, pages 1-12, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-16268-9_1
    DOI: 10.1007/978-3-030-16268-9_1
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