'The core of Kneese's argument can be summarized as follows. Water pollution is a classic example of a 'technological external diseconomy.' By virtue of a technical link between production processes, the costs of a given action are borne by economic units other than those performing the action. Specifically, in water pollution a waste discarder pays nothing for the use of a valuable resource and imposes economic costs on other economic units downstream... The book contains many provocative and useful notions, including some well-stated counters to an extreme 'conservation' position...the book is an important contribution to resource economics, and I expect its readers will find it a sound investment...' Irving Hoch, University of California, Berkeley

• Part I The Nature of the Problem; Chapter 1 Introduction; Chapter 2 Some Technical and Engineering Facts Concerning Water Quality; Part II Economic Efficiency, Social Costs, and Equity; Chapter 3 Water Pollution and Resources Allocation by Private Markets; Chapter 4 Causing Offsite Costs to be Reflected in Waste Disposal Decisions; Chapter 5 A Study of Comparative Programs for Controlling Salinity in the Ohio; Part III Regional Waste Disposal Systems; Chapter 6 Regional Water Quality Management Systems Including Large-Scale Measures; Chapter 7 Water Management in the Ruhr'” A Case Study of the Genossenschaften; Part IV Implementation and Administration; Chapter 8 Establishing a Water Quality Management System;