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Wealth, Well-being and Value(s): A Proposition of Structuring Concepts for a (real) Transdisciplinary Dialogue within Ecological Economics

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  • Ali DOUAI (GREThA-GRES)

Abstract

This paper provides theoretical tools for discussing some aspects of the nature’s value controversy within Ecological Economics. It is argued that the critical stance of ‘incommensurability of values’ can be reinforced with key insights coming from a political economy of wealth inspired by Ricardo and Marx. Having dismissed any reference to the idea of economic value for non-market goods, it remains to outline the role of notions of utility, welfare and interest for giving a richer model of the human actor in a transdisciplinary perspective.

Suggested Citation

  • Ali DOUAI (GREThA-GRES), 2007. "Wealth, Well-being and Value(s): A Proposition of Structuring Concepts for a (real) Transdisciplinary Dialogue within Ecological Economics," Cahiers du GRES (2002-2009) 2007-21, Groupement de Recherches Economiques et Sociales.
    • Handle: RePEc:grs:wpegrs:2007-21
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    1. Pearce, David, 1998. "Cost-Benefit Analysis and Environmental Policy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 14(4), pages 84-100, Winter.
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    6. 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.
    7. Azqueta, Diego & Sotelsek, Daniel, 2007. "Valuing nature: From environmental impacts to natural capital," Ecological Economics, Elsevier, vol. 63(1), pages 22-30, June.
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    More about this item

    Keywords

    Ecological Economics; value; political economy; wealth; well-being;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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