"KINDLE Economic Valuation of Biodiversity: An Interdisciplinary Conceptual Perspective (Routledge Studies in Biodiversity Politics and Management)
While biodiversity loss is an ecological phenomenon, it also has further dimensions 8211 political, social and, last but not least, economic. From the economic perspective, the rapid loss of biological diversity can be viewed in two ways. First, the consequence of this deterioration process is a loss of options and an increase in scarcity of the environmental good8217, biodiversity. Second, economic activity and the structure of global and local economic institutions have frequently been identified as the major drivers of biodiversity loss. In economic terms, this constitutes a market failure 8211 market-based economic activities lead to processes which undermine the long-term stability of these very activities. This book provides an ecological economic perspective on the value of diversity in ecosystems. Combining insights from various sub-disciplines of ecology and environmental/ecological economics, the author constructs a conceptual framework which identifies the ways in which
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