| Title |
Value pluralism and economic valuation - defendable if well done |
| ID_Doc |
79462 |
| Authors |
Spangenberg, JH; Settele, J |
| Title |
Value pluralism and economic valuation - defendable if well done |
| Year |
2016 |
| Published |
|
| DOI |
10.1016/j.ecoser.2016.02.008 |
| Abstract |
Scientists talk of "ecosystem services" and their economic value when arguing for the conservation of biodiversity. The limits to this line of argumentation are analysed based on the philosophy of values (axiology), exploring different kinds of values and discussing which of them can be adequately described with economic methods. The three promises of economic valuation, raising awareness in polity, saving biodiversity by internalising external cost, and contributing to better decisions are assessed and turn out to be more than questionable. Finally, the niche is defined where economic valuation makes sense, taking into account the restrictions from the axiological and the economic analysis. (C) 2016 Elsevier B.V. All rights reserved. |
| Author Keywords |
Biodiversity; Axiology; Ecosystem services; Internalisation; Policy impact; Conditions for helpful monetisation |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000375213800009 |
| WoS Category |
Ecology; Environmental Sciences; Environmental Studies |
| Research Area |
Environmental Sciences & Ecology |
| PDF |
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