Some months ago, I wrote a post here about the concept of ecosystem disservices. My conclusion was the following:
Ecosystem services are of tremendous importance and benefit to humanity. But, seen from the human perspective, these same ecosystems also generate disservices. This is something that is not accounted for in economic valuation efforts going by the name of “ecosystem services valuation”. However, it should be. If we count all the positive services Nature provides us with, we should be realistic and honest enough to count the numerous disservices against them.
Recently, however, I engaged in a discussion of this concept (under this blog post by Joern Fischer), which made clear to me that the matter is much more complicated than I initially thought. I would like to reflect on that point a bit today. Continue reading
As an environmental economist, I in a sense build my work upon the work of others. So, its foundations are provided mainly by ecology and related (sub-)disciplines such as conservation biology. However, while diving into some aspects of these disciplines and interacting with biologists who actually work in the field, I have realised that in many cases, reality is much more messy than a superficial look into the respective literature might suggest. Continue reading
It is not only the world economy that is in crisis. The teaching of economics is in crisis too, and this crisis has consequences far beyond the university walls.
Thus begins the open letter of the International Student Initiative for Pluralism in Economics. As a former student of economics, I can only subscribe to that statement. Economics as a discipline (seemingly) does not offer much diversity of approaches. But economics curricula at most universities are even worse: they do not display even this bit of diversity that does exist. Indeed, this is one of the reasons why I started writing The Sceptical Economist more than four years ago. Continue reading
An alliance of the most influential global institutions, including the UN, World Bank, IMF and OECD, just issued a report of the Global Commission on the Economy and Climate, chaired by Felipe Calderón and Nicholas Stern. The report’s title is Better Growth, Better Climate: The New Climate Economy. In a nutshell, it says that not only is climate action compatible with economic growth, but the two may actually work as a positive feedback loop: more climate action leading to more growth, “smart” growth-spurring policies reducing emissions of greenhouse gases. By and large, the report does not contain any new arguments, as it is more of a synthesis of existing research. Alas, it is a synthesis of only a part of existing research, which can be already seen in the title: economic growth is a main objective along with the mitigation of climate change. You’ll vainly look for any reference to the degrowth and a-growth debates, and so the report, while valuable in some respects, reproduces many of the common errors of growth-enthusiasts. Continue reading
I just found the panel discussion mentioned in my recent post on YouTube. For those interested in arguments pro and contra economic valuation: enjoy.
Given my past involvement with Greenpeace, the fact that I have changed my mind about genetically engineered crops (GMOs) makes me an apostate. Continuing my heretic writings, I will try to show today that biotechnology, specifically genetic engineering, can be good for biodiversity, specifically genetic diversity. Continue reading