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Environmental Values

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Environmental Values

Value Theory in Ecological Economics: The Contribution of a Political Economy of Wealth

Environmental Values 18 (2009): 257-284. DOI: 10.3197/096327109X12474739376415

ABSTRACT

This paper demonstrates how a Political Economy of Wealth - an analytical framework inspired from Ricardo's and Marx's theories of value - strengthens the analytical force of Socio-Ecological Economics in the context of the controversy over the value of nature. The Political Economy of Wealth helps (1) to overcome some theoretical limitations encountered in Socio-Ecological Economics, (2) to develop a critical perspective on neoclassical theory of environmental values, as well as a new justification of value incommensurability, and (3) to move toward a new research agenda that aims to study interactions between the economy and the environment from a socio-historical perspective.

KEYWORDS

Economic value, Marx, money, commodification

REFERENCES to other articles in Environmental Values:

To Value Functions or Services? An Analysis of Ecosystem Valuation Approaches. Erik Ansink, Lars Heim and Knut Per Hasund

Humans Valuing Nature: Synthesising Insights from Philosophy, Psychology and Economics. Michael Lockwood

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

On the Economic Value of Ecosystem Services. Mark Sagoff

The Development of Environmental Thinking in Economics. Clive L. Spash

Realms of Value: Conflicting Natural Resource Values and Incommensurability. Sarah Fleisher Trainor

The Environment as a Commodity Arild Vatn

Political Perception and Ensemble of Macro Objectives and Measures: The Paradox of the Index for Sustainable Economic Welfare. Rafael Ziegler

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