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Valuing Nature in Environmental Education
Beginning of article
Activities for introducing concepts of environmental economics
TRADITIONAL ECONOMIC THOUGHT presumes that economic growth and increased prosperity are one and the same. In fact, gross domestic product (GDP), the standard measurement of economic growth (and therefore "prosperity," according to traditional economists), is simply the sum of consumer and government spending and investment, minus the national deficit. This equation posits that military conflict, rainforest destruction, and massive oil spills all lead to increased prosperity because they boost spending and thereby create profits for individuals.
Environmental economics is a field of thought that expands this …
