The Handbook of Environment and Society focuses on the interactions between people, societies and economies, and the state of nature and the environment. Editorially integrated but written from multi-disciplinary perspectives, The Handbook of Environment and Society is organised in seven sections: - Environmental thought: past and present - Valuing the environment - Knowledges and knowing - Political economy of environmental change - Environmental technologies - Redesigning natures - Institutions and policies for influencing the environment Key themes include: locations where the environment-society relation is most acute: where, for example, there are few natural resources or where industrialization is unregulated; the discussion of these issues at different scales: local, regional, national, and global; the cost of damage to resources; and the relation between principal actors in the environment-society nexus. Aimed at an international audience of academics, research students, researchers, practitioners and policy makers, The Handbook on Environment and Society presents readers in social science and natural science with a manual of the past, present and future of environment-society links.

Valuing Preferences Regarding Environmental Change

Valuing preferences regarding environmental change

Introduction

To include a chapter on what many would term the ‘valuation of the environment’ may seem an anathema to some readers. Indeed, as Tim O'Riordan kindly pointed out in an editorial introduction to a previous essay on this topic (Bateman, 1995), some critics ‘believe most sincerely that monetizing the environment is merely a further step in global degradation of the human spirit, let alone the natural world’. In mitigation, let me submit from the outset that I make no claims that the monetary evaluation methods discussed here are either flawless or a panacea for incorporation of environmental impacts within decision-making. Indeed, as suggested by Diamond and Hausman (1994) in their negative answer to the question ‘is ...

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