"Economics of the Environment" offers an in-depth analysis of the environment as a scarce resource and illuminates the complex interactions between economic activities and ecological conditions. The author, Horst Siebert, argues that the environment is no longer as abundant as it once was, and that the various functions of the environment – as a public good, as a source of natural resources, and as a waste disposal site – are in competition with one another. This competition leads to a fundamental problem of resource allocation, as an increase in pollution adversely affects environmental quality. The book calls for a rethinking of how we view the environment and its role in the economy to ensure sustainable use. It is aimed at professionals and students seeking a deeper understanding of the economic aspects of the environment.