Alternatives for Environmental Valuation

Environmental cost-benefit analysis was developed by economists in the belief that monetary valuation of the environmental repercussions of economic activity is essential if the environment
stands any chance of being included in government and business decisions. This volume examines the limitations of this monetary approach, and considers the alternatives. Three broad angles from which to view environmental values are presented: applying social psychology concepts which challenge standard approaches; introducing multidimensional and non-monetary techniques; and examining vested interest group and citizen participation in processes of environmental valuation. Combinations of these approaches are also covered. The contributions presented are a valuable resource for both environmental and ecological economists. This authoritative book will also prove useful for those with a general interest in the environment, including policy-makers and non-governmental organizations.