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On the Historical Roots of Natural Capital in the Writings of Carl Linnaeus

In: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality

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  • C. Tyler DesRoches

Abstract

No longer do resource economists merely regard nature as a collection of inert materials to be improved by human labor and manufactured capital; rather, nature is, to an increasing extent, taken to be a mindless producer of economically valuable ecosystem goods and services. Instances of natural capital are frequently said to produce such goods and services in a manner that is relatively detached from human agency. This article argues that, historically, the idea of nature as a systematic original producer capable of self-generation is hardly novel. The eighteenth-century roots of this idea can be found in the writings of Carl Linnaeus who depicted the whole Earth and all of its productions as the “oeconomy of nature.”

Suggested Citation

  • C. Tyler DesRoches, 2018. "On the Historical Roots of Natural Capital in the Writings of Carl Linnaeus," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality, volume 36, pages 103-117, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-41542018000036c006
    DOI: 10.1108/S0743-41542018000036C006
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    Citations

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    Cited by:

    1. Wolloch, Nathaniel, 2020. "Adam Smith and the concept of natural capital," Ecosystem Services, Elsevier, vol. 43(C).
    2. Franco, Marco P.V., 2020. "Conservation, economic planning and natural capital in early Soviet ecology," Ecosystem Services, Elsevier, vol. 41(C).

    More about this item

    Keywords

    Natural capital; nature; Physiocrats; Linnaeus; ecosystem goods and services; oeconomy of nature; B11; B12; Q00; Q57;
    All these keywords.

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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