Editor's Choice The Early History of Environmental Economics

Agnar Sandmo

Review of Environmental Economics and Policy, 2015, vol. 9, issue 1, 43-63

Abstract: This article traces the history of economists’ treatment of environmental problems prior to the establishment of environmental economics as a separate field in the 1960s. I examine the economics literature from the late eighteenth century onward, searching for an awareness among early economists of both the effects of economic activity on the natural and social environment and the feedback from the environment to the economy. I argue that the way in which economic theory developed made it increasingly relevant for the study of environmental issues and the design of appropriate economic policies. (JEL: B00, Q30, Q50)

Date: 2015
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