Term
Values of Biodiversity (5) |
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Definition
Direct economic value
Indirect economic value
Ecosystem services
Intrinsic value
Spiritual values |
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| Direct Economic Value (2) |
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Definition
Biodiversities monetary value
consumptive use value: value of biodiversity products that are used by people and not ever bought or sold
productive use value: monetary value of things bought and sold |
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Definition
Future options and how much a resource will be worth to humans in the future |
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Definition
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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Definition
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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Definition
| 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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Definition
| 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
Human capital- Labor or technology
Natural capital- Resources |
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Definition
A hidden cost to the economy that is shared by everybody (high gas prices) |
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Definition
Conflict between individual self interest and the common good, written by Garrett Hardin |
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aka Tragedy of the Commons
A resource shared by all |
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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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