The new discipline of "ecological economics" calculates the value of an ecosystem, not in terms of what people are willing to pay for it, but in terms of what it would cost to provide the benefits and services that the ecosystem now furnishes us.

Question

Quizplus · Accepted Answer

Ecological economics does indeed calculate the value of an ecosystem based on the cost of providing its benefits and services, rather than just what people are willing to pay for it.

The New Discipline of "Ecological Economics" Calculates the Value of an Ecosystem