Book excerpt: Floods are generally perceived as natural hazards. This book, in contrast, portrays the 'beautiful floods' of the Mekong Delta, which annually constitute a substantial resource for people's rural livelihoods. With a focus on floods, the book employs a 'lifeworlds' analysis to investigate dynamics of environmental and livelihood knowledge among farming and fishing communities, and it demonstrates that rapid agrarian change has both positive and negative impacts. (Series: ZEF Development Studies - Vol. 19)