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

Author

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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.

Suggested Citation

  • Ali Douai, 2009. "Value Theory in Ecological Economics: The Contribution of a Political Economy of Wealth," Environmental Values, White Horse Press, vol. 18(3), pages 257-284, August.
    • Handle: RePEc:env:journl:ev18:ev1811
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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
    2. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Ecological Economics > History of Ecological Economic Thought

    Citations

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    Cited by:

    1. Ozgur Isil & Michael T. Hernke, 2017. "The Triple Bottom Line: A Critical Review from a Transdisciplinary Perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1235-1251, December.
    2. Alex Y Lo, 2011. "Analysis and Democracy: The Antecedents of the Deliberative Approach of Ecosystems Valuation," Environment and Planning C, , vol. 29(6), pages 958-974, December.
    3. Joe Ament, 2019. "Toward an Ecological Monetary Theory," Sustainability, MDPI, vol. 11(3), pages 1-20, February.

    More about this item

    Keywords

    Economic value; Marx; money; commodification;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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