Measuring Social Welfare

Problems with National Accounts
Alternative Indicators
Should National Accounts be Modified?

The Case for Valuation

Sustainable development
The needs of future generations
Economist's arguments
Alternative causes of env. damage
Incorporating the environment into the market

Putting a Price on the Environment

Can the environment be priced?
How is the environment valued?
Problems with Valuation

The Case Against Valuation

Assumptions and Agendas
Arguments Against Valuation
Difficulties with Surveys

Case Study - Biodiversity

Valuing Species
SE Forests - Cost-Benefit Analysis
SE Forests - Valuation
Should Species be Priced?

References