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Beyond Market Failure: Gaps between Nature and Economy

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Leaving aside problems in implementing market-based environmental policy, larger questions loom. Adopting an economic logic for nature presents more basic problems: it makes it difficult to maintain ecocentric values (see Chapter 5), because there is a mismatch in the behavior of money and ecosystems, and because basic economic inequity presents a barrier for reconciling markets and the environment in a socially just way.

Environment and Society

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