The Place of Economic Values in Environmental Valuation

R. Kerry Turner

in Valuing Environmental Preferences

Published in print November 2001 | ISBN: 9780199248919
Published online November 2003 | e-ISBN: 9780191595950 | DOI:
 The Place of Economic Values in Environmental Valuation

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Various aspects of the environmental values debate are first examined within the wider context of the sustainable economic development strategy and goal. Next, an expanded values classification is set out in order to define the limits of the conventional environmental economics concept of total economic value (use plus non‐use values). Particular attention is paid to the definition and measurement of bequest and existence values, as well as to some recent findings in the newly emerging ‘ecological economics’ literature that have implications for resource systems valuation. The chapter concludes with some environmental conservation policy implications.

Keywords: bequest values; ecological economics; economic values; environmental conservation; environmental economics; environmental policy; environmental valuation; environmental values classification; existence values; resource systems valuation; sustainable economic development; total economic value

Chapter.  10290 words.  Illustrated.

Subjects: Economic Development and Growth

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