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The history of ecosystem services in economic theory and practice: From early notions to markets and payment schemes

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  • Gómez-Baggethun, Erik
  • de Groot, Rudolf
  • Lomas, Pedro L.
  • Montes, Carlos
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    Abstract

    This paper reviews the historic development of the conceptualization of ecosystem services and examines critical landmarks in economic theory and practice with regard to the incorporation of ecosystem services into markets and payment schemes. The review presented here suggests that the trend towards monetization and commodification of ecosystem services is partly the result of a slow move from the original economic conception of nature's benefits as use values in Classical economics to their conceptualization in terms of exchange values in Neoclassical economics. The theory and practice of current ecosystem services science are examined in the light of this historical development. From this review, we conclude that the focus on monetary valuation and payment schemes has contributed to attract political support for conservation, but also to commodify a growing number of ecosystem services and to reproduce the Neoclassical economics paradigm and the market logic to tackle environmental problems.

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    Bibliographic Info

    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 69 (2010)
    Issue (Month): 6 (April)
    Pages: 1209-1218

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    Handle: RePEc:eee:ecolec:v:69:y:2010:i:6:p:1209-1218

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    Web page: http://www.elsevier.com/locate/ecolecon

    Related research

    Keywords: Economic history Use value Exchange value Ecosystem services Market based instruments Commodification;

    References

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    Cited by:
    1. Kallis, Giorgos & Gómez-Baggethun, Erik & Zografos, Christos, 2013. "To value or not to value? That is not the question," Ecological Economics, Elsevier, vol. 94(C), pages 97-105.
    2. Larson, Silva & Stoeckl, Natalie & Neil, Barbara & Welters, Riccardo, 2013. "Using resident perceptions of values associated with the Australian Tropical Rivers to identify policy and management priorities," Ecological Economics, Elsevier, vol. 94(C), pages 9-18.
    3. Kragt, Marit E. & Robertson, Michael J., 2014. "Quantifying ecosystem services trade-offs from agricultural practices," Ecological Economics, Elsevier, vol. 102(C), pages 147-157.
    4. Anguelovski, Isabelle & Martínez Alier, Joan, 2014. "The ‘Environmentalism of the Poor’ revisited: Territory and place in disconnected glocal struggles," Ecological Economics, Elsevier, vol. 102(C), pages 167-176.
    5. Claudia Kettner & Angela Köppl & Sigrid Stagl, 2014. "Towards an operational measurement of socio-ecological performance," WWWforEurope Working Papers series 52, WWWforEurope.
    6. Robert Fish & Michael Winter & Matt Lobley, 2014. "Sustainable intensification and ecosystem services: new directions in agricultural governance," Policy Sciences, Springer, vol. 47(1), pages 51-67, March.
    7. Giovanni Lagioia & Annarita Paiano, 2011. "Payments for Environmental Services: Ambitious Tools for the Sustainable Use of Natural Capital," MIC 2011: Managing Sustainability? Proceedings of the 12th International Conference, Portorož, 23–26 November 2011 [Selected Papers], University of Primorska, Faculty of Management Koper.
    8. Gatto, Paola & Vidale, Enrico & Secco, Laura & Pettenella, Davide, 2014. "Exploring the willingness to pay for forest ecosystem services by residents of the Veneto Region," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), issue 1, April.
    9. Harvey, David R. & Jambor, Attila, 2011. "What role for public goods in the future of CAP?," 85th Annual Conference, April 18-20, 2011, Warwick University, Coventry, UK 108957, Agricultural Economics Society.
    10. Iker Etxano & Eneko Garmendia & Unai Pascual & David Hoyos & María A. Díez & José A. Cadiñanos & Pedro J. Lozano, . "Towards a Participatory Integrated Assessment Approach for Planning and Managing Natura 2000 Network Sites," Working Papers 2012-10, BC3.
    11. Yaella Depietri & Lorenzo Guadagno & Margaretha Breil, 2013. "Urban Watershed Services For Improved Ecosystem Management and Risk Reduction, Assessment Methods and Policy Instruments: State of the Art," Working Papers 2013.101, Fondazione Eni Enrico Mattei.
    12. Sébastien Foudi, 2012. "Exploitation of soil biota ecosystem services in agriculture: a bioeconomic approach," Working Papers 2012-02, BC3.
    13. Speelman, E.N. & García-Barrios, L.E. & Groot, J.C.J. & Tittonell, P., 2014. "Gaming for smallholder participation in the design of more sustainable agricultural landscapes," Agricultural Systems, Elsevier, vol. 126(C), pages 62-75.
    14. Rode, Julian & Gómez-Baggethun, Erik & Krause, Torsten, 2013. "Economic incentives for biodiversity conservation: What is the evidence for motivation crowding?," UFZ Discussion Papers 19/2013, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    15. Jax, Kurt & Barton, David N. & Chan, Kai M.A. & de Groot, Rudolf & Doyle, Ulrike & Eser, Uta & Görg, Christoph & Gómez-Baggethun, Erik & Griewald, Yuliana & Haber, Wolfgang & Haines-Young, Roy & Hei, 2013. "Ecosystem services and ethics," Ecological Economics, Elsevier, vol. 93(C), pages 260-268.
    16. Julia Martin-Ortega & Elena Ojea & Camille Roux, 2012. "Payments for Water Ecosystem Services in Latin America: Evidence from Reported Experience," Working Papers 2012-14, BC3.
    17. Coria, Jessica & Robinson, Elizabeth & Smith, Henrik G. & Sterner, Thomas, 2012. "Biodiversity Conservation and Ecosystem Services Provision: Tale of Confused Objectives, Multiple Market Failures and Policy Challenges," Working Papers in Economics 546, University of Gothenburg, Department of Economics.
    18. Muradian, Roldan & Corbera, Esteve & Pascual, Unai & Kosoy, Nicolás & May, Peter H., 2010. "Reconciling theory and practice: An alternative conceptual framework for understanding payments for environmental services," Ecological Economics, Elsevier, vol. 69(6), pages 1202-1208, April.
    19. Rico García-Amado, Luis & Ruiz Pérez, Manuel & Barrasa García, Sara, 2013. "Motivation for conservation: Assessing integrated conservation and development projects and payments for environmental services in La Sepultura Biosphere Reserve, Chiapas, Mexico," Ecological Economics, Elsevier, vol. 89(C), pages 92-100.
    20. Moore, Rebecca, 2013. "Prioritizing Ecosystem Service Protection and Conservation Efforts in the Forest Plantations of the Red Hills," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(1), April.
    21. Polishchuk, Yuliana & Rauschmayer, Felix, 2011. "Ecosystem effects on well-being: More than just "benefits"? Looking at ecosystem services through the capability approach," UFZ Discussion Papers 6/2011, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    22. Jean-Michel Salles, 2011. "Valuing biodiversity and ecosystem services: why linking economic values with Nature?," Working Papers 11-24, LAMETA, Universtiy of Montpellier, revised Dec 2011.

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