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Economics and the environment - implausible bedfellows at the best of times. However, the world runs on well-understood principles, and environmentalists' goals must translate into workable economic solutions. Using the building blocks of free market prices, private property rights, and a justice system that protects such rights, the contributors to this unique volume demonstrate how the economics of the market can be used to attain ecologically sound environmental goals efficiently and effectively. Free enterprise is not the cause of environmental problems, but it can be part of the solution. There is no intrinsic conflict between the market and the environment. Economics and the Environment explores the idea that a reconciliation between economics and ecology is not only possible but desirable as well.