Skip to main content Accessibility help
×
Hostname: page-component-76fb5796d-dfsvx Total loading time: 0 Render date: 2024-04-26T11:17:35.453Z Has data issue: false hasContentIssue false

5 - Can We Put a Price on Nature's Services?

Published online by Cambridge University Press:  05 June 2012

Get access

Summary

In 1962, the Drifters, a popular rock ‘n’ roll group, sang:

At night the stars put on a show for free,

And darling, you can share it all with me …

Up on the roof …

Nature provides many products and services that we, like the Drifters, enjoy for free. But, as Thomas Paine said about liberty, “What we obtain too cheap, we esteem too lightly.” Ecologists point out that “the goods and services that nature provides in support of an economy – such as the cycling of nutrients for the production of renewable resources (like fish and forest products), the pollination of flowering plants, and the regulation of climate – are free.” We may therefore esteem them too lightly.

Many ecologists and ecologically minded economists suggest that we would appreciate and protect nature more if we attached market prices to the products and services it provides. According to one prominent ecologist, “Moral arguments are not enough – we have to make nature a regular column in our spreadsheets and cost-benefit analyses, so that natural assets are properly valued in our decisions.”

THE ARGUMENT OF THIS CHAPTER

In later chapters, I shall try to show that moral, aesthetic, cultural, and spiritual arguments are enough; they provide compelling reasons to preserve the magnificent aspects of the natural world. In this chapter, I shall defend two theses. First, I shall discuss large-scale atmospheric or biospheric processes or forces of nature.

Type
Chapter
Information
The Economy of the Earth
Philosophy, Law, and the Environment
, pp. 87 - 109
Publisher: Cambridge University Press
Print publication year: 2007

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.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×