This book, Ecosystem Services: Economics and Policy, bridges the gap between the theoretical and practical aspects of ecological and economic issues. The central focus of this paper is on the ways in which the tenets of the Austrian School of economics might be used to strengthen the credibility of ecosystem services.
In the realm of environmental philosophy, the concept of “Ecosystem Services” is one of the more recent developments. The current system is dependent on the mainstream economic theory, according to which monetary and fiscal policy are responsible for determining the state of the economy at any given time. According to Muddiman, reliance on this method of financing limits the capacity of ecosystem services and magnifies the negative effects of the defective economic model that is already in place.
The e-book focuses on the connections that may be made between ecological and economic approaches and concepts, and it provides a summary of how the principles of Austrian economic theory can potentially give improved environmental benefits. After that, it carries on to the process of formulating ways to ecosystem services, which could act as drivers towards a new biodiversity-based economic framework developed around distributed ledger technology, also known as “blockchain.” The primary aspect that sets this ebook apart from similar works is the way it examines ecosystem services in relation to the economic system that is already in place. It investigates how an alternative economic model could achieve the incorporation of environmental factors into economic decision making by using this as a jumping off point for the investigation.
PLEASE TAKE NOTE That the offering comes with a PDF version of the publication “Ecosystem Services: Economics and Policy.” There are no access codes contained within.