Environmental Values Environmental Values
Environmental Values 17(2008): 521-541. doi: 10.3197/096327108X368520
ABSTRACT
Although the ecological tradition tends to favour a substantive role for non-market institutions in securing objectives such as environmental sustainability, Green theorists have paid relatively little attention to the important challenge posed to such proposals by the pro-market arguments of Austrian economics. The methods of ecological economics, such as multiple criteria evaluation, offer important potential for responding to the Austrian thesis that democratic, non-market institutions face a coordination problem in the face of complexity. However, the development of an adequate ecological response to the Austrians requires clarification of the conceptual underpinnings and potential scope of such methods.
KEYWORDS
Valuation, markets, commensurability, multiple criteria analysis, complexity
REFERENCES to other articles in Environmental Values:
Cost-Benefit Analysis, Incommensurability and Rough EqualityJonathan Aldred
Plural Values and Environmental Valuation. Wilfred Beckerman and Joanna Pasek
Nonuse Values and the Environment: Economic and Ethical Motivations. Tom Crowards
Realms of Value: Conflicting Natural Resource Values and Incommensurability. Sarah Fleisher Trainor
Environmental Economics, Ecological Economics and the Concept of Sustainable Development. Giuseppe Munda
Conceptions of Value in Environmental Decision-Making John O'Neill and Clive L. Spash
Operationalising Strong Sustainability: Definitions, Methodologies and Outcomes. Begüm Özkaynak, Pat Devine and Dan Rigby
The Environment as a Commodity Arild Vatn
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