H. Spencer Banzhaf, Pricing the Priceless: A History of Environmental Economics (Cambridge University Press, 2023)

It was a great pleasure to compile the index for H. Spencer Banzhaf’s recently published book Pricing the Priceless: A History of Environmental Economics (Cambridge University Press, 2023), which was released this past October. The first monograph of its kind, Banzhaf’s book examines the history of the environmental movement, government planning, and modern economics. “While economists were, and still are, seen as scientists who argue in favour of extracting natural resources,” Pricing the Priceless “shows how some economists by the 1960s turned tools and theories used in defense of development into arguments in defense of the environment. Engaging with widely recognized names, such as John Muir, and major environmental disasters such as the Exxon Valdez oil spill, he offers a detailed examination of the environment, and explains how economics came to enter the field in a new way that made it possible to be ‘on the side’ of the environment.” Please take a look at the publisher’s website here for more information.