Natural Capital

Restoring Natural Capital: Science, Business, and Practice (2007), edited by Aronson, Milton, and Blignaut, brings together economists and ecologists, theoreticians, practitioners, policy makers, and scientists from the developed and developing worlds to consider the costs and benefits of repairing ecosystem goods and services in natural and socio-ecological systems.

Experimental Economics, Environmental Methods (2007), edited by Cherry et al, brings together a number of the world’s top researchers and their latest work exploring the behavioural underpinnings of environmental economics using experimental economic methods. Over the last decade experimental methods have been extensively applied to environmental economics and policy.

Handbook of Environmental Economics edited by Miller and Vincent, Volume 1 – Environmental Degradation and Institutional Responses (2003), Volume 2 – Valuing Environmental Changes (2005), and Volume 3 – Economywide and International Environmental Issues (2005).

Ecological Economics: An Introduction (2005), by Common and Stagl, provides a comprehensive introduction to the emerging field of ecological economics and builds on insights from both mainstream economics and ecological sciences.

Valuing Ecosystem Services: Toward Better Environmental Decision-Making (2004), by the Water Science and Technology Board, acknowledges that society is increasingly recognizing the myriad functions of ecosystem processes including nutrient recycling, regulation of climate, and maintenance of biodiversity. This report’s contents, conclusions, and recommendations are based on a review of relevant technical literature, information gathered at five committee meetings, and the collective expertise of committee members.

Alternatives for Environmental Valuation (2004), by Getzner et al, is a critical analyses vital to ensuring that future economic growth is not achieved at the expense of our environment.

The New Economy of Nature: The Quest to Make Conservation Profitable (2003), by Daily and Ellison, describes the dynamic interplay of science, economics, business, and politics that is involved in establishing these new approaches and examine what will be needed to create successful models and lasting institutions for conservation. It presents a fundamentally new way of thinking about the environment and about the economy, and with its fascinating portraits of charismatic pioneers, it is as entertaining as it is informative.

Ecological Economics: Principles and Applications (2003), by Daly and Farley, is an introductory-level textbook which defines a revolutionary “transdiscipline” that incorporates insights from the biological, physical, and social sciences. Interview with Joshua Farley

The Ecological Economics of Diversity (2003), by Nunes et al, addresses this issue and presents an integrated ecological-economic perspective on the analysis of biodiversity loss and conservation. It adopts a multidisciplinary approach and attempts both to provide a definition of biodiversity benefits as well as investigate alternative perspectives on biodiversity. The book also presents a classification of biodiversity values and effectively illustrates which economic valuation methods can best measure which type of biodiversity value.

New Dimensions in Ecological Economics: Integrated Approaches to People and Nature (2003), edited by Dovers et al, offers reviews and prescriptions for the future of ecological economics, placing particular emphasis on complex sustainability problems.

The Origins of Ecological Economics: The Bioeconomics of Georgescu-Roegen (2001), by Mayumi, connects Georgescu-Roegen’s earlier work with his later ambitious attempt to reformulate the economic process as ‘bioeconomics’, a theoretical alternative to neoclassical economics.

Biodiversity and Ecological Economics: Participatory Approaches to Resource Management (2000), by Tacconi, is a model of applied ecological economics. It presents an accessible introduction to the subject while at the same time broadening its theoretical basis by introducing a post-positivist, participatory method.

Faking Nature: The Ethics of Environmental Restoration (1997), by Elliot, explores the arguments surrounding the concept of ecological restoration. This is a crucial process in the modern world and is central to companies’ environmental policy; whether areas restored after ecological destruction are less valuable than before the damage took place. Elliot discusses the pros and cons of the argument and examines the role of humans in the natural world. This volume is a timely and provocative analysis of the simultaneous destruction and restoration of the natural world and the ethics related to those processes, in an era of accelerated environmental damage and repair.

Restoration Ecology and Sustainable Development (1997), edited by Urbanska, aims to provide a scientifically sound basis for the reconstruction of degraded or destroyed ecosystems and to produce self-supporting systems which are, to some degree, resilient to subsequent damage.

Integrating Economic and Ecological Indicators Practical Methods for Environmental Policy Analysis (1995), edited by Milon and Shogren, presents a collection of papers from leading researchers around the world, who evaluate the analytical foundations and empirical systems that are being developed to integrate economic and environmental indicators. These specialists identify key data requirements and modeling systems. Economists, ecologists, and policy makers will find this work introducing integrated modeling systems thought-provoking and useful.

Biodiversity Loss: Economic and Ecological Issues (1995), edited by Perrings et al, reports key findings of the Biodiversity Program of the Royal Swedish Academy of Sciences’ Beijer Institute which brought together a number of eminent ecologists and economists to consider the nature and significance of the biodiversity problem.

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