Ecosystem Services: Economics and Policy (PDF) connects the gap between ecological and economic theory and practice. Its main emphasis is on how the principles of the Austrian School of economics could enhance the validity of Ecosystem Services.
The idea of ‘Ecosystem Services’ is a relatively latest innovation in environmental thought. The present system is dependent upon mainstream economic theory, in which fiscal and monetary policy handles the prevailing health of the economy. The dependence on this approach to finance, Muddiman argues, restricts the potential of ecosystem services and exacerbates the impacts of the existing flawed economic model.
The ebook highlights the associations between ecological and economic methodologies and concepts and summarizes how the principles of Austrian Economic theory could offer better environmental results. It then moves on to formulate approaches to ecosystem services which could serve as drivers towards a new biodiversity-based economic framework constructed around distributed ledger technology, or ‘blockchain’. The main distinction of this ebook is its consideration of ecosystem services as a function of the existing economic system. Using this as a starting point it explores how an alternative economic model would attain the incorporation of environmental considerations into economic decision making.
NOTE: The product includes the ebook, Ecosystem Services: Economics and Policy in PDF. No access codes are included.