RATIONALIZING ENVIRONMENTAL DECISION-MAKING THROUGH ECONOMIC VALUATION?
RATIONALIZING ENVIRONMENTAL DECISION-MAKING THROUGH ECONOMIC VALUATION?

Summary/Abstract: Environmental economic valuations are often presented as means to rationalize decision-making. A critical blind spot of this argument is that it ignores pervasive environmental inequalities. The author of article criticizes the literature entrenching this credentials of economic approaches to rationalize decision-making and argues that the key for economic valuations to truly contribute to rationalization is that their usage should be embedded in the deployment of what is called a justificatory task. Then the author takes advantage of an analysis of the notion of rationality, when applied to decision-aiding processes, to translate this reasoning into the concrete terms of applications of environmental economic valuations.

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