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Direct Economic Value
Indirect Economic Value
Ecosystem Services
Intrinsic Value
Spiritual Value |
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Biodiversities monetary value, includes consumptive use value: value of biodiversity products that are used by people and not ever bought or sold and productive use value: monetary value of things bought and sold |
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| Future options and how much a resource will be worth to humans in the future |
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| Provided by intact, functioning and biodiverse ecosystems: cleaning air, provision of drinking water, large climactic features such as weather, canary in a coal mine- provided free |
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| Individual organisms have the right to exist on their own, without relation to what you or I or any other person thinks about them |
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Majority of religious and spiritual texts says that humans have the responsibility of taking care o the earth |
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| Classical Economic Theory |
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| Describes the human as a force, which is considered to be the sum total of all the individual people’s needs and wants |
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| Neoclassical Economic Theory |
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Definition
More sources, but environment is only to provide for either capital. Two sources fuel production, when economy is up environment is down |
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A hidden cost to the economy that is shared by everybody (high gas prices) |
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| Conflict between individual self interest and the common good, writen by Garrett Hardin |
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| aka Tragedy of the Commons |
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Definition
A pluralistic approach to the study of economic problems and policy solutions, with a focus on long-term environmental sustainability |
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