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Article: More or less pluralistic? A typology of remedial and alternative perspectives on the monetary valuation of the environment

TitleMore or less pluralistic? A typology of remedial and alternative perspectives on the monetary valuation of the environment
Authors
KeywordsEnvironmental valuation
Ecological economics
Value pluralism
Theory of value
Issue Date2014
PublisherThe White Horse Press. The Journal's web site is located at http://www.erica.demon.co.uk/EV.html
Citation
Environmental Values, 2014, v. 23 n. 3, p. 253-274 How to Cite?
AbstractMaintaining plural values is important when there is no conclusive principle by which the relative priority of normative positions can be determined. Value-articulating institutions predicated upon such principles have a low pluralistic potential. In response to the failures of stated-preference approaches to economic valuation, new perspectives have been developed to capture plural values. Three broad approaches are identified. The first, functional diversification, seeks to encompass the multiple qualities of the object of valuation, whereas positional modification enforces a particular mode of thinking on the subject. Both entail a prior judgement of values and benefit from a reduction in the range of values. Eventually, therefore, both approaches collapse pluralism to a problem that can be tackled. The third approach, structural reconstruction, has greater pluralistic potential, recognising that the more diverse and uncertain the object of valuation, the more compelling it is.
Persistent Identifierhttp://hdl.handle.net/10722/210115
ISSN
2015 Impact Factor: 1.311
2015 SCImago Journal Rankings: 0.374

 

DC FieldValueLanguage
dc.contributor.authorLo, AYH-
dc.date.accessioned2015-05-22T06:06:41Z-
dc.date.available2015-05-22T06:06:41Z-
dc.date.issued2014-
dc.identifier.citationEnvironmental Values, 2014, v. 23 n. 3, p. 253-274-
dc.identifier.issn0963-2719-
dc.identifier.urihttp://hdl.handle.net/10722/210115-
dc.description.abstractMaintaining plural values is important when there is no conclusive principle by which the relative priority of normative positions can be determined. Value-articulating institutions predicated upon such principles have a low pluralistic potential. In response to the failures of stated-preference approaches to economic valuation, new perspectives have been developed to capture plural values. Three broad approaches are identified. The first, functional diversification, seeks to encompass the multiple qualities of the object of valuation, whereas positional modification enforces a particular mode of thinking on the subject. Both entail a prior judgement of values and benefit from a reduction in the range of values. Eventually, therefore, both approaches collapse pluralism to a problem that can be tackled. The third approach, structural reconstruction, has greater pluralistic potential, recognising that the more diverse and uncertain the object of valuation, the more compelling it is.-
dc.languageeng-
dc.publisherThe White Horse Press. The Journal's web site is located at http://www.erica.demon.co.uk/EV.html-
dc.relation.ispartofEnvironmental Values-
dc.rightsEnvironmental Values. Copyright © The White Horse Press.-
dc.rightsThis is a pre-copy-editing, author-produced PDF of an article accepted following peer review for publication in Environmental Values, 2014, v. 23 n. 3, p. 253-274. The definitive publisher-authenticated version is available online, doi: 10.3197/096327114X13947900181716-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectEnvironmental valuation-
dc.subjectEcological economics-
dc.subjectValue pluralism-
dc.subjectTheory of value-
dc.titleMore or less pluralistic? A typology of remedial and alternative perspectives on the monetary valuation of the environment-
dc.typeArticle-
dc.identifier.emailLo, AYH: alexloyh@hku.hk-
dc.identifier.authorityLo, AYH=rp02023-
dc.description.naturepostprint-
dc.identifier.doi10.3197/096327114X13947900181716-
dc.identifier.scopuseid_2-s2.0-84899681373-
dc.identifier.hkuros243564-
dc.identifier.volume23-
dc.identifier.issue3-
dc.identifier.spage253-
dc.identifier.epage274-
dc.identifier.eissn1752-7015-
dc.publisher.placeUnited Kingdom-

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