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

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  • Ali Douai

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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Bibliographic 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

Related research

Keywords: Economic value; Marx; money; commodification;

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References

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  1. Henrik Svedsäter, 2003. "Economic Valuation of the Environment: How Citizens Make Sense of Contingent Valuation Questions," Land Economics, University of Wisconsin Press, vol. 79(1), pages 122-135.
  2. 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.
  3. 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.
  4. Ropke, Inge, 2005. "Trends in the development of ecological economics from the late 1980s to the early 2000s," Ecological Economics, Elsevier, vol. 55(2), pages 262-290, November.
  5. Brennan, Andrew John, 2008. "Theoretical foundations of sustainable economic welfare indicators -- ISEW and political economy of the disembedded system," Ecological Economics, Elsevier, vol. 67(1), pages 1-19, August.
  6. Paavola, Jouni, 2007. "Institutions and environmental governance: A reconceptualization," Ecological Economics, Elsevier, vol. 63(1), pages 93-103, June.
  7. Sjaastad, Espen & Angelsen, Arild & Vedeld, Pål & Bojö, Jan, 2005. "What is environmental income?," Ecological Economics, Elsevier, vol. 55(1), pages 37-46, October.
  8. 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.
  9. Nelson, Anitra, 2001. "The poverty of money:: Marxian insights for ecological economists," Ecological Economics, Elsevier, vol. 36(3), pages 499-511, March.
  10. Turner, R. Kerry & Paavola, Jouni & Cooper, Philip & Farber, Stephen & Jessamy, Valma & Georgiou, Stavros, 2003. "Valuing nature: lessons learned and future research directions," Ecological Economics, Elsevier, vol. 46(3), pages 493-510, October.
  11. Vatn, Arild, 2005. "Rationality, institutions and environmental policy," Ecological Economics, Elsevier, vol. 55(2), pages 203-217, November.
  12. Arild Vatn, 2004. "Environmental Valuation and Rationality," Land Economics, University of Wisconsin Press, vol. 80(1), pages 1-18.
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Citations

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography for Economics:
  1. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Ecological Economics > Environmental Values
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Cited by:
  1. 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.
  2. 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.
  3. Lo, Alex, 2014. "The Problem of Methodological Pluralism in Ecological Economics," MPRA Paper 49543, University Library of Munich, Germany.
  4. 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.
  5. 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.
  6. 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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