An Institutionalist Approach to Environmental Valuation: The Regional Forest Programme of Southwest Finland as an Example

Author: Hiedanpää, Juha

Source: Environmental Values, Volume 13, Number 2, May 2004 , pp. 243-260(18)

Publisher: White Horse Press

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Abstract:

This paper discusses the impacts of different formal and informal institutions upon the Regional Forest Programme of Southwest Finland (1997-2001). The divide between formal and informal institutions is a binary distinction: it is used as a discursive tool for identifying social structures and processes and for articulating their significance in development and environmental planning, valuation and decision-making. In the end part of the paper, there is a brief discussion of how normative and moral issues can be explicitly and more creatively integrated into the practice of environmental policy.

Keywords: formal and informal institutions; institutional economics; environmental planning; reasonable value

Document Type: Research article

Publication date: 2004-05-01

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