Michael Common is Emeritus Professor at the Graduate School of Environmental Studies, University of Strathclyde and a member of the editorial board of the journal Ecological Economics. He is highly respected both for his teaching and as author of numerous journal and book publications on the economics of the environment since 1973. Sigrid Stagl is Lecturer in Ecological Economics at the School of Earth and Environment, University of Leeds. She is a member of the editorial board of the journal Environmental Values and is currently Vice-President of the European Society of Ecological Economics.

'This book provides a coherent account of the major environmental challenges to economic and human progress of the twenty first century … I recommended it highly to all students and scholars of the emerging field.' Neil Adger, University of East Anglia

• 1. What is ecological economics?; Part I. Interdependent Systems: 2. The environment; 3. The economy in the environment; 4. How we got here; Part II. Economic Activity: 5. Economic accounting; 6. Economic growth and human well-being; 7. Economic growth and the environment; 8. Exchange and markets; 9. Limits to markets; Part III. Governance: 10. Determining policy objectives; 11. Policy instruments; Part IV. The International Dimension: 12. A world of nation states; 13. Climate change; 14. Biodiversity loss.

Michael Common is Emeritus Professor at the Graduate School of Environmental Studies, University of Strathclyde and a member of the editorial board of the journal Ecological Economics. He is highly respected both for his teaching and as author of numerous journal and book publications on the economics of the environment since 1973. Sigrid Stagl is Lecturer in Ecological Economics at the School of Earth and Environment, University of Leeds. She is a member of the editorial board of the journal Environmental Values and is currently Vice-President of the European Society of Ecological Economics.

'This book provides a coherent account of the major environmental challenges to economic and human progress of the twenty first century … I recommended it highly to all students and scholars of the emerging field.' Neil Adger, University of East Anglia

• 1. What is ecological economics?; Part I. Interdependent Systems: 2. The environment; 3. The economy in the environment; 4. How we got here; Part II. Economic Activity: 5. Economic accounting; 6. Economic growth and human well-being; 7. Economic growth and the environment; 8. Exchange and markets; 9. Limits to markets; Part III. Governance: 10. Determining policy objectives; 11. Policy instruments; Part IV. The International Dimension: 12. A world of nation states; 13. Climate change; 14. Biodiversity loss.

Michael Common is Emeritus Professor at the Graduate School of Environmental Studies, University of Strathclyde and a member of the editorial board of the journal Ecological Economics. He is highly respected both for his teaching and as author of numerous journal and book publications on the economics of the environment since 1973. Sigrid Stagl is Lecturer in Ecological Economics at the School of Earth and Environment, University of Leeds. She is a member of the editorial board of the journal Environmental Values and is currently Vice-President of the European Society of Ecological Economics.

'This book provides a coherent account of the major environmental challenges to economic and human progress of the twenty first century … I recommended it highly to all students and scholars of the emerging field.' Neil Adger, University of East Anglia

• 1. What is ecological economics?; Part I. Interdependent Systems: 2. The environment; 3. The economy in the environment; 4. How we got here; Part II. Economic Activity: 5. Economic accounting; 6. Economic growth and human well-being; 7. Economic growth and the environment; 8. Exchange and markets; 9. Limits to markets; Part III. Governance: 10. Determining policy objectives; 11. Policy instruments; Part IV. The International Dimension: 12. A world of nation states; 13. Climate change; 14. Biodiversity loss.