ecological economics

Invaluable nature

Friday, October 16th, 2009 | Nature @ Your Service | No Comments

How much are you prepared to pay for the park in your neighborhood? What is a viable bee population that pollinates crops worth to food production? Can a scenic view be given a monetary value? These are questions dealt with in ecological economics, a growing field of research. Our dependence on healthy ecosystem needs to be integrated into all kinds of decision making and economic estimation is one strategy. Still, some argue that it is wrong and impossible to put price-tags on nature.

Check out The Economics of Ecosystems and Biodiversity, TEEB

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