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Horst Siebert
Springer

Economics of the Environment: Theory and Policy

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AuthorHorst Siebert
PublisherSpringer
PublishedNov 30 2010
Book FormatPaperback
ISBN-139783642092879
Dimensions9.21 X 6.14 X 0.72 inches
Weight 1.07 pounds
BISAC
CategoriesBusiness & Economics > Environmental Economics
LanguageEnglish

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Book Description

The labor of nature is paid, not because she does much, but because she does little. In proportion as she becomes niggardly in her gifts, she exacts a greater price for her work. Where she is munificently bene- cent, she always works gratis. 1 David Ricardo This book interprets nature and the environment as a scarce resource. Whereas in the past people lived in a paradise of environmental superabundance, at present environmental goods and services are no longer in ample supply. The environment fulfills many functions for the economy: it serves as a public-c- sumption good, as a provider of natural resources, and as receptacle of waste. These different functions compete with each other. Releasing more pollutants into the environment reduces environmental quality, and a better environmental quality implies that the environment's use as a receptacle of waste has to be restrained. Consequently, environmental disruption and environmental use are by nature allocation problems. This is the basic message of this book.

Author Bio

After studying in Cologne and at Wesleyan University in Connecticut, doctorate (1965) and habilitation (1969) in Münster, he was called to the Universities of Mannheim (1969) and Constance (1984). In 1989, Siebert moved to the Christian-Albrechts-University of Kiel and succeeded Herbert Giersch as President of the Kiel Institute. He was also a member of the German Council of Economic Experts for a large part of his term of office (1990 - 2003).

Siebert introduced environmental economic research at the Kiel Institute and focused on systemic ruptures in Germany and the world after 1989. He focused the Institute's research and consulting on institution-building in post-socialist societies, on the connections between monetary stabilization, real economic adjustment and institutional incentives, and international debt crises. Siebert was in great demand as a consultant in international bodies (EU, IMF, World Economic Forum). He made an impact on the public interested in economic policy through numerous publications and media appearances, in which he warned of undesirable developments on labor markets and the dangers of false incentives in the economy.

After his retirement, Siebert remained active in research and consulting and taught at the Bologna Center of the Paul H. Nitze School for Advanced Studies. Numerous textbooks, among others on foreign trade and environmental economics, established his reputation as an outstanding teacher.

Source: ifw-keil Institute for the World Economy

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