The Underpricing of Nature

Edward Barbier

Chapter 6 in Nature and Wealth, 2015, pp 123-141 from Palgrave Macmillan

Abstract: Abstract At the heart of structural imbalance in the world economy is the underpricing of nature. In this chapter, we explore the factors underlying this pervasive problem. In particular, we focus on a key question: If natural and ecological capital are valuable sources of economic wealth, why are we squandering these assets? In addition, if ecological scarcity and natural capital depreciation are on the rise, why are we are we doing so little to address these problems?

Keywords: Fossil Fuel; Environmental Damage; Vicious Cycle; Natural Capital; Vested Interest (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-40339-1_7

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DOI: 10.1057/9781137403391_7

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