Ecology. The value of nature and the nature of value |
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| Authors: | Daily G C Söderqvist T Aniyar S Arrow K Dasgupta P Ehrlich P R Folke C Jansson A Jansson B Kautsky N Levin S Lubchenco J Mäler K G Simpson D Starrett D Tilman D Walker B |
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| Institution: | Department of Biological Sciences, Stanford University, Stanford, CA 94305, USA. gdaily@leland.stanford.edu |
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| Abstract: | Ecosystems are capital assets: When properly managed, they yield a flow of vital goods and services. Relative to other forms of capital, however, ecosystems are poorly understood, scarcely monitored, and--in many important cases--undergoing rapid degradation. The process of economic valuation could greatly improve stewardship. This potential is now being realized with innovative financial instruments and institutional arrangements. |
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