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On the economic valuation of cultural ecosystem services: A tale of myths, vine and wine

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  • Onofri, Laura
  • Boatto, Vasco

Abstract

The paper proposes a qualitative valuation method for cultural ecosystem services (CES) based on the analysis of myths, which are interpreted as returns generated by the interaction between natural and human capital (in time and space). Those returns become investments that add up, contribute to form, eventually become, and are accounted as cultural capital. The myths, therefore, are CES indicators (of the time and place where and when they were produced) and can be interpreted as measures of the CES flows. Moreover, some myths eventually survive and add up to a society present cultural capital that produces both cultural and economic value.

Suggested Citation

  • Onofri, Laura & Boatto, Vasco, 2020. "On the economic valuation of cultural ecosystem services: A tale of myths, vine and wine," Ecosystem Services, Elsevier, vol. 46(C).
    • Handle: RePEc:eee:ecoser:v:46:y:2020:i:c:s2212041620301571
    DOI: 10.1016/j.ecoser.2020.101215
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    References listed on IDEAS

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    1. Braat, Leon C. & de Groot, Rudolf, 2012. "The ecosystem services agenda:bridging the worlds of natural science and economics, conservation and development, and public and private policy," Ecosystem Services, Elsevier, vol. 1(1), pages 4-15.
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    3. Winthrop, Robert H., 2014. "The strange case of cultural services: Limits of the ecosystem services paradigm," Ecological Economics, Elsevier, vol. 108(C), pages 208-214.
    4. Chan, Kai M.A. & Satterfield, Terre & Goldstein, Joshua, 2012. "Rethinking ecosystem services to better address and navigate cultural values," Ecological Economics, Elsevier, vol. 74(C), pages 8-18.
    5. Blicharska, Malgorzata & Smithers, Richard J. & Hedblom, Marcus & Hedenås, Henrik & Mikusiński, Grzegorz & Pedersen, Eja & Sandström, Per & Svensson, Johan, 2017. "Shades of grey challenge practical application of the cultural ecosystem services concept," Ecosystem Services, Elsevier, vol. 23(C), pages 55-70.
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