Over the past two decades, a growing consensus has emerged among Americans as to the importance of environmental quality. Yet at the same time, conflict over environmental issues has built to a point where rational discussion is often impossible. Efforts to protect unique ecosystems and endangered wildlife are portrayed as threatening entire regions and ways of life, and anti-environmental groups such as the Wise Use Movement are able to use economic insecurity as a weapon in an ongoing attempt to rescind environmental protection measures.In Lost Landscapes and Failed Economies, economist Thomas Michael Power argues that the quality of the natural landscape is an essential part of a community's permanent economic base and need not be sacrificed in short-term efforts to maintain employment levels in industries that are ultimately not sustainable. He provides numerous case studies of the ranching, mining, and timber industries in a critical analysis of the role played by extractive industry in our communities. In addition, he looks at areas where environmental protection measures have been enacted and examines the impact of protected landscapes on local economies.Both environmental protection and extractive industry are economic activities that can contribute to local economic well-being. Both generate jobs and income. Both have a significant impact on people's lives. Power exposes the fundamental flaws in the widely accepted view of the local economy built around the "extractive model," a model that overemphasizes the importance of extractive industries and assumes that people don't care where they live and that businesses don't care about the available labor supply. By revealing the inadequacies of the extractive model, he lays to rest fears that environmental protection will cause an imminent collapse of the community, and puts economic tools in the hands of those working to protect their communities.

A great deal of reactionary political fire in the Mountain West has been aimed at environmental protection measures that are perceived to have destroyed or diminished the livelihoods of long-time residents. Conventional wisdom sees the economic woes afflicting the region -- declining pay, growing inequality, persistent poverty -- as a direct result of increasingly strict environmental regulations that have crippled natural resource industries such as mining and logging.In Post-Cowboy Economics, economists Thomas Michael Power and Richard Barrett provide a new interpretation of the economy of the Mountain West. Based on evidence from a wide variety of sources, including data on individual employment and income histories of more than 300,000 residents, they clearly demonstrate that the region's economic misfortunes are not the result of changes in regional industrial structure but rather are local manifestations of pervasive national and international trends. The authors: discuss and critique entrenched conventional wisdom and its policy implications present an empirical analysis of changes in the region offer a new interpretation of events affecting the regional economy set forth public policies that will work to protect and enhance the economic well-being of its residents and communitiesThe authors' analysis and interpretation make a compelling case that despite incomes that are low compared to the rest of the country, the region is not suffering from general impoverishment, and that environmental protection, rather than threatening economic well-being, enhances welfare and protects the very source of the economic vitality that the Mountain West enjoys. Throughout, they argue that fearful, crisis driven environmental and economic development policies are unnecessary and inappropriate, and often counterproductive.Post-Cowboy Economics is an important work for professionals and scholars involved with environmental policy, economic development, and resource management, as well as anyone interested in the future of the American West."