The question of value has occupied the human mind for millennia. With the ascent of
neoclassical welfare economics in the twentieth century,“value” was constrained to …

Humans are a puzzling species. On the one hand, we struggle to survive on our own in the
wild, often failing to overcome even basic challenges, like obtaining food, building shelters …

Human well-being relies critically on ecosystem services provided by nature. Examples
include water and air quality regulation, nutrient cycling and decomposition, plant pollination …

Vatn has prepared a vast feast for his readers. Hopefully, this book will become one of the
core textbooks both in institutional economics and in resource economics. As a political …

Cooperation among humans is one of the keys to our great evolutionary success. Natalie
and Joseph Henrich examine this phenomena with a unique fusion of theoretical work on …

Explanations of poverty, growth and development depend on the assumptions made about
individual preferences and the willingness to engage in strategic behaviour. Economic …

This paper discusses the major tenets of ecological economics—including value pluralism,
methodological pluralism and multi-criteria policy assessment. Ecological economics offers …

The policy recommendations of most economists are based on the rational actor model. The
emphasis is on achieving efficient allocation by insuring that property rights are completely …

Valuation, including economic valuation, functions as a system of cultural projection which
imposes a way of thinking and a form of relationship with the environment and reflects …

The predictions of widely prescribed global and country level environmental policies at
present are based mainly on mainstream economic models, which treat individual actors to …