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

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

Document Type: Research Article

DOI: https://doi.org/10.3197/0963271041159886

Publication date: 2004-05-01

More about this publication?
  • Environmental Values is an international peer-reviewed journal that brings together contributions from philosophy, economics, politics, sociology, geography, anthropology, ecology and other disciplines, which relate to the present and future environment of human beings and other species. In doing so we aim to clarify the relationship between practical policy issues and more fundamental underlying principles or assumptions.

    Environmental Values has an impact factor (2015) of 1.311.
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