Publication Details

Reference Category Journals
DOI / URL link
Title (Primary) Value pluralism and economic valuation – defendable if well done
Author Spangenberg, J.H.; Settele, J.;
Journal Ecosystem Services
Year 2016
Department BZF; iDiv;
Volume 18
Language englisch;
POF III (all) T12;
Keywords Biodiversity; Axiology; Ecosystem services; Internalisation; Policy impact; Conditions for helpful monetisation
UFZ wide themes RU1;
Abstract Scientists talk of “ecosystem services” and their economic value when arguing for the conservation of biodiversity. The limits to this line of argumentation are analysed based on the philosophy of values (axiology), exploring different kinds of values and discussing which of them can be adequately described with economic methods. The three promises of economic valuation, raising awareness in polity, saving biodiversity by internalising external cost, and contributing to better decisions are assessed and turn out to be more than questionable. Finally, the niche is defined where economic valuation makes sense, taking into account the restrictions from the axiological and the economic analysis.
ID 17206
Persistent UFZ Identifier
Spangenberg, J.H., Settele, J. (2016):
Value pluralism and economic valuation – defendable if well done
Ecosyst. Serv. 18 , 100 - 109