Value Theory in Ecological Economics: The Contribution of a Political Economy of Wealth

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In this Subject: Ecology ,&nbsp; Philosophy
By this author: Douai, Ali

Author: Douai, Ali

Source: Environmental Values, Volume 18, Number 3, August 2009 , pp. 257-284(28)

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Abstract:

This paper demonstrates how a Political Economy of Wealth - an analytical framework inspired from Ricardo's and Marx's theories of value - strengthens the analytical force of Socio-Ecological Economics in the context of the controversy over the value of nature. The Political Economy of Wealth helps (1) to overcome some theoretical limitations encountered in Socio-Ecological Economics, (2) to develop a critical perspective on neoclassical theory of environmental values, as well as a new justification of value incommensurability, and (3) to move toward a new research agenda that aims to study interactions between the economy and the environment from a socio-historical perspective.

Keywords: economic value; Marx; money; commodification

Document Type: Research article

DOI: 10.3197/096327109X12474739376415