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Endangered EconomiesHow the Neglect of Nature Threatens Our Prosperity$
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Geoffrey Heal

Print publication date: 2016

Print ISBN-13: 9780231180849

Published to Columbia Scholarship Online: January 2019

DOI: 10.7312/columbia/9780231180849.001.0001

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Valuing Natural Capital

Valuing Natural Capital

(p.133) 8 Valuing Natural Capital
Endangered Economies

Geoffrey Heal

Columbia University Press

Can we place an economic value on natural capital, and if so, is this a useful exercise? We can value many aspects of natural capital, though this raises complex technical issues and also deep philosophical questions. In some cases natural capital is bought and sold on markets, so we can look to these for prices: in other cases we have to put in some detective work to track down a measure of value. The values that we find are large, consistent with the idea that natural capital is of great importance.

Keywords:   Natural capital, Watershed, Forest, Hydropower, Pollination, Bees, Biodiversity, genetic variation

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