Here, contributors provide a set of studies of emerging development issues, ranging from foundational matters to case studies. They address issues on the role of environmental resources in the development process, presenting explanations of existing situations and policies for the future.

1. The Resource-Basis of Production and Consumption: An Economic Analysis ; I RIGHTS AND THE LEGAL FRAMEWORK ; 2. On a Clear Day, You Can See the Coase Theorem ; 3. Common-Property Resource-Management in Traditional Societies ; II ACCOUNTING FOR ENVIRONMENTAL DEGRADATION ; 4. A Water Perspective on Poulation, Environmnent, and Development ; 5. Environmental Statistics and the National Accounts ; 6. The Environment and Net National Product ; 7. Can Computable General-Equilibrium Models Shed Light on the Environmental Problems of Developing Countries? ; 8. Development Strategies and the Environment ; III DECISION UNDER UNCERTAINTY ; 9. Choice under Uncertainty: Problems Solved and Unsolved ; IV RECIPROCAL EXTERNALITIES: LOCAL AND GLOBAL ; 10. Endogenous Fertility and the Environment: A Parable of Firewood ; 11. Is Co-opertaion Habit-Forming? ; 12. Efficiency Issues and the Montreal Protocol on CFCs ; 13. CO2 and the Greenhouse Effect: A Game-Theoretic Exploration ; V UNIDIRECTIONAL EXTERNALITIES ; 14. Analysis and Management of Watersheds ; 15. The Management of Costal Wetlans: Economic Analysis of Combined Ecologic-Economic Systems ; 16. Urban Air Pollution in Developing Countries: Problems and Policies ; VI MACROECONOMIC POLICIES AND ENVIRONMENTAL RESOURCE-USE ; 17. Macroeconomic Policies and Deforestation ; 18. Microeconomic Responses to Macroeconomic Reforms: The Optimal Control of Soil Erosion ; VII VALUATION AND MANAGEMENT ; 19. Valuation of Tropical Forests ; 20. The Management of Drylands ; 21. Management of Wildlife and Habitat in Developing Countries ; 22. Public Policy toward Social Overhead Capital: The Capitalization Externality

`The collection represents an important contribution to environmental and ecological economics in the developing world... As a teaching guide to the economics of environment and development, these two volumes represent a valuable addition to the literature...' Tim Forsyth, Energy and Environmental Programme, Royal Institute of International Affairs

Partha Dasgupta is the Frank Ramsey Professor of Economics at the University of Cambridge, Fellow of St John's College, Cambridge, and Chairman of the Beijer International Institute of Ecological Economics, Stockholm Karl-Göran Mäler is Director of the Beijer International Institute of Ecological Economics, Stockholm, and Professor of Economics at the Stockholm School of Economics