Skip to content
Register Sign in Wishlist

Price, Principle, and the Environment


  • Author: Mark Sagoff, University of Maryland, College Park
  • Date Published: September 2004
  • availability: Available
  • format: Hardback
  • isbn: 9780521837231

$ 92.00

Add to cart Add to wishlist

Other available formats:
Paperback, eBook

Looking for an inspection copy?

This title is not currently available for inspection. However, if you are interested in the title for your course we can consider offering an inspection copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • Mark Sagoff has written an engaging and provocative book about the contribution economics can make to environmental policy. Sagoff argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, he contends that economic analysis fails completely when it attempts to attach value to environmental goods. It fails because preference-satisfaction has no relation to any good. Economic valuation lacks data because preferences cannot be observed. Willingness to pay is benchmarked on market price and thus may reflect producer cost not consumer benefit. Moreover, economists cannot second-guess market outcomes because they have no better information than market participants. Mark Sagoff's conclusion is that environmental policy turns on principles that are best identified and applied through political processes. Written with verve and fluency, this book will be eagerly sought out by students and professionals in environmental policy as well as informed general readers.

    • Economy of the Earth was a successful and influential book and this new book builds on that
    • Sagoff is prominent figure in environmental studies
    • The book is contentious because it attacks the economic approach to environmental policy
    Read more

    Reviews & endorsements

    'If it is the job of philosophers to keep everyone else intellectually honest, Mark Sagoff is doing his job for environmental economists with persuasive logic and graceful writing. There are very few members of our profession who will be able to read this without feelings of embarrassment over how easily they have fallen into the traps and fallacies revealed in Sagoff's analysis. But even as they are chastened they will be entertained rather than lectured to. This is, in fact, a book that ought to be required reading in graduate school, before the socialization process has become nearly irreversible.' Clifford Russell, Vanderbilt University

    'Price, Principle, and the Environment offers a critique of environmental economics that is suitable for students and professors in economics, environmental studies, science, and planning, as well as for the informed reader. … Price, Principle, and the Environment is well written and a valuable contribution to further discussions in economics for environmental policy use.' Environment

    'Sagoff writes well and the book is full of interesting anecdotes and case studies … There is much of interest in this book …' Economics and Philosophy

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: September 2004
    • format: Hardback
    • isbn: 9780521837231
    • length: 294 pages
    • dimensions: 237 x 158 x 23 mm
    • weight: 0.514kg
    • availability: Available
  • Table of Contents

    1. Zuckerman's dilemma: an introduction
    2. At the monument to General Meade
    3. Should preferences count?
    4. Value in use and in exchange
    5. The philosophical common sense of pollution
    6. On the value of wild ecosystems
    7. Carrying capacity and ecological economics
    8. Cows are better than condos
    9. The view from Quincy library.

  • Instructors have used or reviewed this title for the following courses

    • Environmental Ethics
    • Ethics and Sustainability
  • Author

    Mark Sagoff, University of Maryland, College Park
    Mark Sagoff is Senior Research Scholar at the Institute for Philosophy and Public Policy, University of Maryland, College Park.

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.