Framing Ecological Values In The Global Natural Resource Economics
Framing Ecological Values In The Global Natural Resource Economics
Author(s): Olha Prokopenko, Iryna MarekhaSubject(s): Energy and Environmental Studies, Environmental and Energy policy
Published by: Wyższa Szkoła Ekonomiczno-Humanistyczna
Keywords: ecological values; ecological culture; classification; factor of production; utility; sustainable development
Summary/Abstract: Generation-based approach to natural resource economics has been developed in the article. Based on sustainable development definition, generations can be categorized by present and future ones. An ecological classification of the global natural resources has been proposed, which is related to future generations. Economic issues of eco-futuristic classification have also been raised in the article. Classification of ecological values has been proposed and ecological values being incorporated into a form of ecological culture and exploited as a new factor of production have been analyzed. The effect of increasing marginal futuristic utility of ecological values has been revealed at the end of the article.
Journal: MIND Journal
- Issue Year: 2016
- Issue No: 1
- Page Range: 1-11
- Page Count: 11
- Language: English