Hostname: page-component-848d4c4894-mwx4w Total loading time: 0 Render date: 2024-06-24T05:51:29.388Z Has data issue: false hasContentIssue false
  • English
  • Français

The Value of Natural Ecosystems: An Economic and Ecological Framework

Published online by Cambridge University Press:  24 August 2009

Edward G. Farnworth ,
Thomas H. Tidrick ,
Carl F. Jordan  and
Webb M. Smathers Jr
Edward G. Farnworth
Affiliation:
Research Associate, Institute of Ecology, University of Georgia, Athens, Georgia 30602, USA
Thomas H. Tidrick
Affiliation:
Research Associate, Institute of Ecology, University of Georgia, Athens, Georgia 30602, USA
Carl F. Jordan
Affiliation:
Senior Ecologist, Institute of Ecology, University of Georgia, Athens, Georgia 30602, USA
Webb M. Smathers Jr
Affiliation:
Assistant Professor, Department of Agricultural Economics, University of Georgia, Athens, Georgia 30602, USA.
Get access Rights & Permissions [Opens in a new window]

Extract

Ecosystem values, and the functional roles of ecosystems in providing goods and services for Man, have been subjects of increasing discussion and controversy among ecologists and economists in recent years. Economists have developed economic theory based on a market model, and price or value has been set in the marketplace. However, the market system cannot account for all possible values, and fails to account for goods and services for which no market, or only imperfect markets, exist.

These non-traded goods and services are termed nonmarket values, and are categorized in the scheme we have developed either as Value II (attributable or assignable values) or as Value III (intangible or non-assignable values). The true or total value of natural systems should include not only the market values (Value I) but also these two categories of non-market values whenever decisions are made about the alteration of natural systems. Usually, only market values are incorporated by decision-makers in the management strategies of natural systems, and as a result of their omission of non-market values, numerous natural systems are being degraded or destroyed through market-goods extraction.

The examples of market and non-market values of tropical moist forests, demonstrate the range of nonmarket goods and services provided by natural ecosystems. Excessive alteration and destruction of tropical forests for extraction of market goods, damages the integrity of the forests and reduces or destroys the capacity of these ecosystems to provide valuable non-market goods and services. One can measure the value of these non-market goods and services by calculating the cost of providing them through technology. By not accounting for the public goods provided by forests, overall sustained-yield potential of the public and private goods produced by the system is reduced. These non-market values need to be incorporated in decisions about the fate of natural systems.

An attempt has been made in this paper to establish a common understanding of value for both economists and ecologists. If the problems of value determination can be viewed with a joint understanding, the political process may be influenced to provide more efficient and wiser use of the products and services of natural systems.

Type
Main Papers
Information
Environmental Conservation , Volume 8 , Issue 4 , Winter 1981 , pp. 275 - 282
Copyright
Copyright © Foundation for Environmental Conservation 1981

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Bolin, B. (1977). Changes of land biota and their importance for the carbon cycle. Science, 196, pp. 613–5.Google Scholar
Bolin, B., Degens, E. T., Kempe, S. & Ketner, P. (Eds) (1979). The Global Carbon Cycle. (Scope 13.) John Wiley & Sons, Chichester—New York—Brisbane—Toronto: xxiv + 491 pp., illustr.Google Scholar
Gomez-Pompa, A., Vasques-Yanes, C. & Guevera, S. (1972). The tropical rain forests: A non-renewable resource. Science, 177, pp. 762–5.Google Scholar
Gosselink, J. G., Odum, E. P. & Pope, R. M. (1973). The Value of the Tidal Marsh. Center for Wetland Resources, Louisiana State University, Baton Rouge, Louisiana, USA: LSU-SG-74-03, 30 pp.Google Scholar
Lamb, D. (1977). Conservation and management of tropical rain-forest: A dilemma of development in Papua New Guinea. Environmental Conservation, 4(2), pp. 121–9, map.CrossRefGoogle Scholar
Lugo, A. E. & Brinson, M. H. (1978). Calculations of the value of salt water wetlands. Pp. 120–30 in Proceedings National Symposium on Wetlands (Ed. Greeson, P. E., Clark, J. R. & Clark, J. E.). American Water Resources Association, Minneapolis, Minnesota, USA. [Not available for checking.]Google Scholar
Marshall, A. (1892). Elements of Economics. Macmillan, London, England, UK: xiv + 440 pp.Google Scholar
Myers, N. (1979). The Sinking Ark: A New Look at the Problem of Disappearing Species. Pergamon Press, Oxford, England, UK: xi + 307 pp.Google Scholar
Myers, N. (1980). The present status and future prospects of tropical moist forests. Environmental Conservation, 7(2), pp. 101–14.Google Scholar
National Academy of Sciences [cited as NAS] (1977). Energy and Climate. National Academy of Sciences, Washington, DC, USA: xiv + 158 pp.Google Scholar
Pigou, A. C. (1920). The Economics of Welfare. Macmillan, London, England, UK: xxxvi + 976 pp.Google Scholar
Reimold, R. J., Hardisky, M. A. & Phillipps, J. H. (1980). Wetland values—a non-consumptive perspective. Journal of Environmental Management, 11, pp. 77–85.Google Scholar
Revelle, R. R. & Shapero, D. C. (1978). Energy and Climate. Environmental Conservation, 5(2), pp. 81–91.CrossRefGoogle Scholar
Robinson, J. (1962). Economic Philosophy. Aldine Press, Chicago, Illinois, USA: 150 pp.Google Scholar
Salati, E., Marques, J. & Molion, L. C. B. (1978). Origin and distribution of rain in the Amazon Basin. Interciencia, 3, pp. 200–6.Google Scholar
Schultes, R. E. (1976). Hallucinogenic Plants. Golden Press, Racine, Wisconsin, USA: 160 pp.Google Scholar
Smith, A. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations (1976 edn). University of Chicago Press, Chicago, Illinois, USA: Vols 1 & 2, liv + 524 pp. & 568 pp.Google Scholar
Wicksell, K. (1935). Lectures on Political Economy, Vol. 1: General Theory. Macmillan, New York, NY, USA: xxiii + 299 pp.Google Scholar
Woodwell, G. M., Whittaker, R. H., Reiners, W. A., Likens, G. E., Delwiche, C. C. & Botkin, D. B. (1978). The biota and the world carbon budget. Science, 199, pp. 141–6.Google Scholar