Ecology. The value of nature and the nature of value.
Ecosystems are capital assets: When properly managed, they yield a flow of vital goods and services. Relative to other forms of capital, however, ecosystems are poorly understood, scarcely monitored, and--in many important cases--undergoing rapid degradation. The process of economic valuation could greatly improve stewardship. This potential is now being realized with innovative financial instruments and institutional arrangements.
Daily
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GC
Department of Biological Sciences, Stanford University, Stanford, CA 94305, USA. gdaily@leland.stanford.edu
Söderqvist
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T
Aniyar
S
S
Arrow
K
K
Dasgupta
P
P
Ehrlich
P R
PR
Folke
C
C
Jansson
A
A
Jansson
B
B
Kautsky
N
N
Levin
S
S
Lubchenco
J
J
Mäler
K G
KG
Simpson
D
D
Starrett
D
D
Tilman
D
D
Walker
B
B
D001315:Australia; D003132:Commerce; D003247:Conservation of Natural Resources / Q000191:economics*; D003364:Costa Rica; D017753:Ecosystem; D007221:Industry; D007449:Investments