IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/18813.html
   My bibliography  Save this paper

Environmental managment without environmental valuation?

Author

Listed:
  • Spash, Clive L.

Abstract

There is a rising tendency for environmental economics to be viewed as exclusively concerned with valuing everything in monetary terms and there are certainly some among its ranks whose own self-interest leads them to preach that line in public. However, acceptance of the many valid criticisms of monetary valuation and our limited understanding of environmental systems makes this extreme untenable as all economists will admit (if some only in private) and which ecological-economics recognises as a central issue. Yet the danger in characterising the preoccupation of economists with monetary valuation as in some sense wrong assumes this is something which can be excluded from resource allocation decisions. The critics of monetary valuation also tend to believe in an unspecified alternative approach which is often associated with scientifically defined limits and cost-effectiveness. The problem explored in this paper is the extent to which a concern for costs and benefits can be excluded from environmental management and if, as argued, a role for valuation is required how can the critics concerns be taken into account in defining that role.

Suggested Citation

  • Spash, Clive L., 1996. "Environmental managment without environmental valuation?," MPRA Paper 18813, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:18813
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/18813/1/MPRA_paper_18813.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Robert Ayres & Jörg Walter, 1991. "The greenhouse effect: Damages, costs and abatement," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 1(3), pages 237-270, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Environmental valuation; cost-benefit analysis;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:18813. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter) or (Rebekah McClure). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.