ETHICS IN MODERN ECONOMIC THOUGHT AND THEIR CONSEQUENCES FOR ENVIRONMENTAL CONSERVATION, LAND AND RESOURCE‐USE

Abstract

During the very short period of cultural evolution of mankind, the world has changed dramatically. Modern humans have modified the environment not only to satisfy their needs, but also to please their greed. The forces that are united to destroy the last wildlands for short‐term economic benefits seem to be overwhelming. However, at least in some developed countries, values, preferences and political majorities have been changing over the last two decades in favour of alternative approaches. A new multiplicity of goals has sprung up, and it will not be an easy task to reconcile the diverging interests. What makes it even more difficult is that the means, by which the different goals are to be achieved, are barely known. The scientists, whose task might be to provide tools of measurement to enable political decision‐makers to set priorities, are facing serious methodological problems. Economists have not yet found practical and acceptable ways of valuing all commodities, biologists have not yet come up with proven environmental safety standards and sociologists and philosophers are far from providing a satisfactory method of integrating environmental values into the ‘social contract’.

Citation

Hohl, A.E. and Tisdell, C.A. (1997), "ETHICS IN MODERN ECONOMIC THOUGHT AND THEIR CONSEQUENCES FOR ENVIRONMENTAL CONSERVATION, LAND AND RESOURCE‐USE", Humanomics, Vol. 13 No. 2, pp. 1-37. https://doi.org/10.1108/eb018789