Rabindra Nath Bhattacharya (1941–2022) was a pioneering Indian environmental economist whose seminal work, Environmental Economics: An Indian Perspective
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Bhattacharya redefines the traditional economic loop by placing it inside a finite ecosystem that acts as both a resource provider and a waste sink. Market Failures and Externalities
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Unlike Western textbooks, this volume provides Indian case studies and contextual analysis, making it relevant for local environmental policy. Publisher: Oxford University Press (OUP).
: Bhattacharya utilized models like the McKelvey diagram to classify resources based on geological certainty and economic extractability, helping policymakers understand the physical and financial constraints of resource use.
The text examines the cyclical relationship between poverty and ecological decline. Impoverished communities often rely directly on local natural resources (like firewood and groundwater) for survival, leading to involuntary over-extraction. Policy Evolution in India