David Mytton

Book Review (5/5) – Environmental Economics: A Very Short Introduction (Stephen Smith)

Published (updated: ) in Book Reviews.

Originally published on Goodreads.

It’s all very well saying we want zero pollution and to have a perfect planet, but that isn’t realistic and indeed isn’t possible if human civilisation is to exist at all. This is a good introduction to how to think about the environment in pragmatic manner, using real world economic concepts to understand how to make the best decisions with the appropriate tradeoffs.

I would have liked to see a few more numbers or basic models to back up some of the positions taken particularly in the final chapter related to the costs of climate change. However, I found the discussions around incentives, particularly carbon taxes vs trading, to be quite enlightening.