In recent years, economists seeking a broader measure of the value of environmental amenities have invoked a new conceptexistence valuepurporting to define the value people attach to simply knowing that certain natural resources exist. However, despite its scientific veneer, this problematic concept is loaded with theoretical and value implications that make it more at home in theology than in economics.
|Other Independent Review articles by Robert H. Nelson|
|Spring 2013||Gus diZerega Responds to Robert Nelson and Nelson Replies|
|Summer 2012||Economics and Environmentalism: Belief Systems at Odds|
|Spring 2010||Ecological Science as a Creation Story|
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