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Valuing Nature: Connecting Eco-Economy and the Capability Approach

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  • Bo Alles�e Christensen

Abstract

This article analyses Kitchen and Marsden's eco-economy by asking whether it manages to dissolve the untenable dualism of facts and values associated with the positivistic distinction between normative and positive economy. The analysis shows that a tension still exists within eco-economy between accepting normative considerations and operating with certain welfare-economic assumptions not embracing the entanglement between facts and values. This tension is sought to be dissolved by connecting eco-economy with Amartya Sen's capability approach, thereby contributing to the future development of eco-economy exemplified by the notion of entrepreneurism and policy-making.

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  • Bo Alles�e Christensen, 2015. "Valuing Nature: Connecting Eco-Economy and the Capability Approach," Review of Political Economy, Taylor & Francis Journals, vol. 27(4), pages 539-564, October.
  • Handle: RePEc:taf:revpoe:v:27:y:2015:i:4:p:539-564
    DOI: 10.1080/09538259.2015.1084727
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    1. Walsh, Vivian, 1996. "Rationality, Allocation, and Reproduction," OUP Catalogue, Oxford University Press, number 9780198287728.
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