Mainstream economics fails to acknowledge the intrinsic value of nature. It is happy to put value on environmental goods and services merely on the basis of a market value determined by competing economic actors. But price, for sure, is an inappropriate model for assessing the value of natural entities. There is no algorithmic solution to nature’s allocation problems. Decisions and policies related to nature require making qualitative and multiperspective considerations and the proper use of our wisdom, knowledge, and experience.
Zsolnai, L. (2017), "Frugality and the Intrinsic Value of Nature", Integral Ecology and Sustainable Business (Contributions to Conflict Management, Peace Economics and Development, Vol. 26), Emerald Publishing Limited, pp. 67-76. https://doi.org/10.1108/S1572-832320170000026005Download as .RIS
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