<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="6.x">Drupal-Biblio</source-app><rec-number>5404</rec-number><ref-type>Book</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Sagoff, Mark</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Price, Principle, and the Environment</style></title><secondary-title><style face="normal" font="default" size="100%">Ethics, Place and Environment</style></secondary-title></titles><taxonomies><taxonomy><style  face="normal" font="default" size="100%">Environmental Ethics</style></taxonomy><taxonomy><style  face="normal" font="default" size="100%">Public Policy</style></taxonomy><taxonomy><style  face="normal" font="default" size="100%">Philosophy</style></taxonomy><taxonomy><style  face="normal" font="default" size="100%">Environmental Sciences</style></taxonomy><taxonomy><style  face="normal" font="default" size="100%">Economics</style></taxonomy></taxonomies><pubtype><style  face="normal" font="default" size="100%">Book</style></pubtype><audience-level><style  face="normal" font="default" size="100%">ug</style></audience-level><dates><year><style  face="normal" font="default" size="100%">2006</style></year></dates><publisher><style face="normal" font="default" size="100%">Cambridge University Press</style></publisher><pub-location><style face="normal" font="default" size="100%">New York </style></pub-location><pages><style face="normal" font="default" size="100%">294 p.</style></pages><isbn><style face="normal" font="default" size="100%">9780521545969</style></isbn><language><style face="normal" font="default" size="100%">eng</style></language><abstract><style face="normal" font="default" size="100%">This volume discusses the what economics can contribute to the development of environmental policy. He argues that 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. </style></abstract><work-type><style face="normal" font="default" size="100%">Book Review</style></work-type></record></records></xml>