Overview

The conservation of natural resources, like that of any other asset, involves trade-offs. Yet, in a world faced with the harsh realities of climate change, crafting the right environmental policies is an increasingly urgent task. In Conservation, Charles Perrings and Ann Kinzig bring together new research in economics and biodiversity to investigate conservation decisions and the theory behind them. Perrings and Kinzig apply the concept of conservation broadly to examine how the principles of conservation apply to the management of the natural world. They demonstrate that the same basic principles serve as the foundation of all rational conservation decisions, from managing financial assets to safeguarding at-risk ecosystems. Whether someone is deciding to hold or dispose of a stock or whether to exploit or preserve a natural resource, they are better off choosing to conserve a resource when its value to them, if conserved, is greater than its value when converted. Building on their basic theory of conservation, Perrings and Kinzig address key issues in the field of environmental economics, including the valuation of ecosystem services and environmental assets; the limits on the substitutability of produced and natural capital; and the challenges posed by the often weak markets for ecosystem services oriented toward the public good.

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Charles Perrings is a professor of environmental economics at Arizona State University. Previous appointments include professorships at the University of York and the University of California, Riverside. He was for several years vice-chair of the international biodiversity science research program, DIVERSITAS, and represented the International Council of Science in negotiations with national governments to establish the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES). He was also a member of the US President's Council of Advisors on Science and Technology (PCAST) working group on biodiversity and ecosystem services. He was the founding editor of the journal Environment and Development Economics and is a past president of the International Society for Ecological Economics. Ann Kinzig is a professor of biology and society at Arizona State University, where she has held an appointment for twenty-two years. Before coming to ASU, she was named the first American Association for the Advancement of Science Roger Revelle Fellow in Global Stewardship, and worked on issues of conservation and climate change in the Environment Division of the Office of Science and Technology Policy in the Clinton White House. She is an elected Fellow of the AAAS and has served on the Ecological Society of America Governing Board. Kyle Tait is a professionally trained voice actor and sports broadcaster based in Atlanta, Georgia. He's done voice work for TV and radio ads around the world, corporate training videos, whiteboard and explainer videos, documentaries, audiobooks, and more. He's narrated more than twenty titles on Audible and iTunes, across genres spanning from sports history to crime thrillers to self-help. In addition to his voice work, Tait is an established sports broadcaster, calling baseball, basketball, and football on ESPN3, as well as serving as a studio host on multiple national college networks with IMG College.

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