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Value Theory in Ecological Economics: The Contribution of a Political Economy of Wealth

Ali Douai ()

Environmental Values, 2009, vol. 18, issue 3, 257-284

Abstract: This paper demonstrates how a Political Economy of Wealth - an analytical framework inspired from Ricardo's and Marx's theories of value - strengthens the analytical force of Socio-Ecological Economics in the context of the controversy over the value of nature. The Political Economy of Wealth helps (1) to overcome some theoretical limitations encountered in Socio-Ecological Economics, (2) to develop a critical perspective on neoclassical theory of environmental values, as well as a new justification of value incommensurability, and (3) to move toward a new research agenda that aims to study interactions between the economy and the environment from a socio-historical perspective.

Keywords: Economic value; Marx; money; commodification (search for similar items in EconPapers)
JEL-codes: B24 D46 Q51 (search for similar items in EconPapers)
Date: 2009
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Handle: RePEc:env:journl:ev18:ev1811