Ecosystem Services

A collection of services provided by the Earth’s ecosystem that are usually not a part of economic analyses but that are indispensable for any human endeavors. These include: clean air and water, plant pollination, climate regulation, soil regeneration, ozone protection, shade and shelter, etc. These services offer incalculable benefits to markets, economies, and societies but neoclassical economics do not account for these benefits (or the costs... Read More