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Valuing Nature in Environmental Education

By: Bayard, Nicholas | Green Teacher, Summer 2006 | Article details

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Valuing Nature in Environmental Education


Bayard, Nicholas, Green Teacher


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 …

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