Value Theory in Ecological Economics: The Contribution of a Political Economy of Wealth
AbstractThis 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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Bibliographic InfoArticle provided by White Horse Press in its journal Environmental Values.
Volume (Year): 18 (2009)
Issue (Month): 3 (August)
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Web page: http://www.erica.demon.co.uk
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
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Erik Ansink & Lars Hein & Knut Per Hasund, 2008. "To Value Functions or Services? An Analysis of Ecosystem Valuation Approaches," Environmental Values, White Horse Press, vol. 17(4), pages 489-503, November.
- Nelson, Anitra, 2001. "The poverty of money:: Marxian insights for ecological economists," Ecological Economics, Elsevier, vol. 36(3), pages 499-511, March.
- Sjaastad, Espen & Angelsen, Arild & Vedeld, Pål & Bojö, Jan, 2005. "What is environmental income?," Ecological Economics, Elsevier, vol. 55(1), pages 37-46, October.
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- Arild Vatn, 2004. "Environmental Valuation and Rationality," Land Economics, University of Wisconsin Press, vol. 80(1), pages 1-18.
- Vatn, Arild, 2005. "Rationality, institutions and environmental policy," Ecological Economics, Elsevier, vol. 55(2), pages 203-217, November.
- Martinez-Alier, Joan & Munda, Giuseppe & O'Neill, John, 1998. "Weak comparability of values as a foundation for ecological economics," Ecological Economics, Elsevier, vol. 26(3), pages 277-286, September.
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- Gowdy, John M. & Mayumi, Kozo, 2001. "Reformulating the foundations of consumer choice theory and environmental valuation," Ecological Economics, Elsevier, vol. 39(2), pages 223-237, November.
RePEc Biblio mentionsAs found on the RePEc Biblio, the curated bibliography for Economics:
- > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Ecological Economics > Environmental Values
- Ali DOUAI (GREThA UMR CNRS 5113) & Matthieu MONTALBAN (GREThA UMR CNRS 5113), 2009.
"Institutions and the environment: the case for a historical political economy,"
Cahiers du GREThA
2009-12, Groupe de Recherche en Economie Théorique et Appliquée.
- Ali DOUAI (GREThA-GRES) & Matthieu MONTALBAN (GREThA-GRES), 2009. "Institutions and the environment: the case for a historical political economy," Cahiers du GRES 2009-07, Groupement de Recherches Economiques et Sociales.
- Dianne McGrath, 2011. "Accounting for the Environment: Towards a Theoretical Perspective for Environmental Accounting and Reporting," Social and Environmental Accountability Journal, Taylor & Francis Journals, vol. 31(2), pages 169-170, September.
- Lo, Alex, 2014. "The Problem of Methodological Pluralism in Ecological Economics," MPRA Paper 49543, University Library of Munich, Germany.
- Antonio A. R. Ioris, 2012. "The Positioned Construction of Water Values: Pluralism, Positionality and Praxis," Environmental Values, White Horse Press, vol. 21(2), pages 143-162, May.
- 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.
- Lo, Alex Y. & Spash, Clive L., 2011. "Articulation of Plural Values in Deliberative Monetary Valuation: Beyond Preference Economisation and Moralisation," MPRA Paper 30002, University Library of Munich, Germany.
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