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Value Theory in Ecological Economics: The Contribution of a Political Economy of Wealth

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Author Info
Ali Douai

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Abstract

This paper demonstrates how a Political Economy of Wealth - an analytical framework inspired from Ricardo's and Marx's theories of value - strengthens the analytical force of Socio-Ecological Economics in the context of the controversy over the value of nature. The Political Economy of Wealth helps (1) to overcome some theoretical limitations encountered in Socio-Ecological Economics, (2) to develop a critical perspective on neoclassical theory of environmental values, as well as a new justification of value incommensurability, and (3) to move toward a new research agenda that aims to study interactions between the economy and the environment from a socio-historical perspective.

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Publisher Info
Article provided by White Horse Press in its journal Environmental Values.

Volume (Year): 18 (2009)
Issue (Month): 3 (August)
Pages: 257-284
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Handle: RePEc:env:journl:ev18:ev1811

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Web page: http://www.erica.demon.co.uk

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Related research
Keywords: Economic value; Marx; money; commodification;

Find related papers by JEL classification:
B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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This page was last updated on 2009-11-5.

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