EB1751 Economic Issues in Protecting
Groundwater Quality. Private choices (farm) and social
choices (government) affect resources that no one "owns."
Economic analysis looks at conflicting uses, incentives, and social
costs. Social policy stresses benefits, stewardship, management
of common pool (or commons) resources, and sustainability. To
relieve pressure on a common resource, a plan must fit the social
customs of the area, achieve an affordable cost:benefit ratio,
and physically sustain the resource. By Philip Wandschneider and
James C. Barron, Washington State University Cooperative Extension.
Published June 1993. 8 pages. $1.00