Book contents
- Frontmatter
- Contents
- Acknowledgments
- 1 Introduction
- 2 At the Shrine of Our Lady of Fatima or Why Political Questions Are Not All Economic
- 3 The Allocation and Distribution of Resources
- 4 Values and Preferences
- 5 Can We Put a Price on Nature's Services?
- 6 Do We Consume Too Much?
- 7 Is an Environmental Ethic Compatible with Biological Science?
- 8 Settling America or the Concept of Place in Environmental Ethics
- 9 Natural and National History
- 10 Environmentalism: Death and Resurrection
- Notes
- Index
5 - Can We Put a Price on Nature's Services?
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- Acknowledgments
- 1 Introduction
- 2 At the Shrine of Our Lady of Fatima or Why Political Questions Are Not All Economic
- 3 The Allocation and Distribution of Resources
- 4 Values and Preferences
- 5 Can We Put a Price on Nature's Services?
- 6 Do We Consume Too Much?
- 7 Is an Environmental Ethic Compatible with Biological Science?
- 8 Settling America or the Concept of Place in Environmental Ethics
- 9 Natural and National History
- 10 Environmentalism: Death and Resurrection
- Notes
- Index
Summary
In 1962, the Drifters, a popular rock ‘n’ roll group, sang:
At night the stars put on a show for free,
And darling, you can share it all with me …
Up on the roof …
Nature provides many products and services that we, like the Drifters, enjoy for free. But, as Thomas Paine said about liberty, “What we obtain too cheap, we esteem too lightly.” Ecologists point out that “the goods and services that nature provides in support of an economy – such as the cycling of nutrients for the production of renewable resources (like fish and forest products), the pollination of flowering plants, and the regulation of climate – are free.” We may therefore esteem them too lightly.
Many ecologists and ecologically minded economists suggest that we would appreciate and protect nature more if we attached market prices to the products and services it provides. According to one prominent ecologist, “Moral arguments are not enough – we have to make nature a regular column in our spreadsheets and cost-benefit analyses, so that natural assets are properly valued in our decisions.”
THE ARGUMENT OF THIS CHAPTER
In later chapters, I shall try to show that moral, aesthetic, cultural, and spiritual arguments are enough; they provide compelling reasons to preserve the magnificent aspects of the natural world. In this chapter, I shall defend two theses. First, I shall discuss large-scale atmospheric or biospheric processes or forces of nature.
- Type
- Chapter
- Information
- The Economy of the EarthPhilosophy, Law, and the Environment, pp. 87 - 109Publisher: Cambridge University PressPrint publication year: 2007
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