The Value of Nature and the Nature of Value

Gretchen C. Daily; Tore Söderqvist; Sara Aniyar; Kenneth J. Arrow; Partha Dasgupta; Paul R. Ehrlich; Carl Folke; Ann-Mari Jansson; Bengt‐Owe Jansson; Nils Kautsky; Simon A. Levin; Jane Lubchenco; Karl-Göran Mäler; David A. Simpson; David A. Starrett; David Tilman; Brian Walker

doi:10.1126/science.289.5478.395

Abstract

Ecosystems are capital assets: When properly managed, they yield a flow of vital goods and services. Relative to other forms of capital, however, ecosystems are poorly understood, scarcely monitored, and--in many important cases--undergoing rapid degradation. The process of economic valuation could greatly improve stewardship. This potential is now being realized with innovative financial instruments and institutional arrangements.

Keywords

Valuation (finance)BusinessStewardship (theology)Yield (engineering)Natural resource economicsValue (mathematics)EcosystemEcosystem servicesCapital (architecture)Natural capitalEcosystem valuationEconomicsEnvironmental resource managementFinanceEcologyGeographyEcosystem healthComputer science

Affiliated Institutions

Royal Swedish Academy of Sciences SE

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Publication Info

Year: 2000
Type: article
Volume: 289
Issue: 5478
Pages: 395-396
Citations: 1050
Access: Closed

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APA Style

                            
                                
                                    Gretchen C. Daily, 
                                
                                    Tore Söderqvist, 
                                
                                    Sara Aniyar
                                
                                et al.
                            
                            (2000). 
                            The Value of Nature and the Nature of Value. 
                            Science
                            , 289
                            (5478)
                            , 395-396.
                            https://doi.org/10.1126/science.289.5478.395
                        

Identifiers

DOI: 10.1126/science.289.5478.395