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Balancing species preservation and economic considerations

, : Balancing species preservation and economic considerations. Science 253(5021): 752-754

This chapter makes the point that as economic students are not required to study biology, and as ecology courses do not include economics, environmental economics has tended to be relegated to the margins of the economic community. For many reasons, the economic measurability of species preservation is very difficult, although some conservationists argue that such a precept is philosophically wrong in any case. From the historical perspective, mankind inherited a great diversity of biota at the start of the century but the industrial revolution compromised habitats and led to large scale extinctions. Since there is now general agreement that ecosystems must be properly managed, more effort must be devoted toward an improved understanding of ecological theory. It is stressed that no compromises, necessary to establish relations between different value systems, can be made until biologists, economists and technologists are willing and able to communicate. This chapter was originally published in Science (1991) 253 752-754.

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Accession: 002308094

PMID: 17835490

DOI: 10.1126/science.253.5021.752

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