The economics of biodiversity: Accounting for human impact in the biosphere

Nuno Martins

Ecological Economics, 2021, vol. 189, issue C

Abstract: This article provides an analysis of The Economics of Biodiversity: The Dasgupta Review. The review places the study of biodiversity at the core of economics, by providing a conception that takes into account human impact in the biosphere, and planetary boundaries. This leads to a theoretical model where the human economy is bounded. Within this conception, Nature is valued as an asset, in a context where a social evaluator, or citizen investor, takes into account intergenerational wellbeing. This article discusses the methodology through which human impact in the biosphere is accounted for in the theoretical framework proposed in the review, while scrutinising the method for valuing biodiversity proposed in the review.

Keywords: Biodiversity; Economics; Value; Capital; Well-being; Biosphere (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:189:y:2021:i:c:s0921800921002081

DOI: 10.1016/j.ecolecon.2021.107150

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