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Ecosystem Services - Economics and Policy (Hardcover, 1st ed. 2019)
Loot Price: R2,675
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Ecosystem Services - Economics and Policy (Hardcover, 1st ed. 2019)
Series: Palgrave Studies in Natural Resource Management
Expected to ship within 10 - 15 working days
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This book bridges the gap between economic and ecological theory
and practice. Its main focus is on how the principles of the
Austrian School of economics could improve the validity of
Ecosystem Services. The concept of 'Ecosystem Services' is a
relatively recent innovation in environmental thought. The current
system is dependent upon mainstream economic theory, in which
monetary and fiscal policy controls the prevailing health of the
economy. The dependence on this approach to finance, Muddiman
argues, limits the potential of ecosystem services and exacerbates
the effects of the existing flawed economic model. The book
highlights the links between ecological and economic methodologies
and concepts and outlines how the principles of Austrian Economic
theory could provide better environmental outcomes. It then goes on
to formulate approaches to ecosystem services which could act as
drivers towards a new biodiversity-based economic framework built
around distributed ledger technology, or 'blockchain'. The key
distinction of this book is its consideration of ecosystem services
as a function of the current economic system. Using this as a
starting point it investigates how an alternative economic model
would achieve the integration of environmental considerations into
economic decision making.
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