Tag Archives: environment economics

Why we can’t keep the environment separate from economics

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This article is by Kirk Hamilton, Cameron Hepburn, Alexander Teytelboym, Frank Sperling and Francois Cohen, the authors of Wealth of Nature, published by the Institute for New Economic Thinking at the Oxford Martin School and the Smith School of Enterprise and the Environment, in partnership with Green Economy Coalition.

George Monbiot doesn’t have a reputation for pulling his punches, and his recent Guardian column is a case in point. In it, he takes aim at the idea of ‘natural capital’: the idea that, by better understanding the economic value of nature, we might better protect it.  Condemning such attempts as “morally wrong, intellectually vacuous, and most of all counter-productive”, George argues that economic approaches to natural protection can only lead to one thing: the wholesale destruction of nature for profit.

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