Deliberating value : On the theory and practice of valuation of nature from neoclassical to ecological economics

This thesis is about whether it is a good idea to place monetary value on nature, to remedy the fact that we treat it as having no particular value to us humans, although it clearly has. The thesis is based on five research papers that can be said to position themselves on opposite sides in the debate on monetisation of nature. The first two papers consider the basis of neoclassical environmental economics and apply the value theory and valuation methods from normative neoclassical welfare theory, on which monetisation of nature is based. The other three papers examine, with increasing degrees... Mehr ...