The Dasgupta Review deconstructed: an exposé of biodiversity economics

Spash, Clive L. and Hache, Frédéric (2021) The Dasgupta Review deconstructed: an exposé of biodiversity economics. Globalizations. ISSN 1474-7731

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Abstract

The Dasgupta Reviewis the latest attempt at justifying financialisation of Nature, but also much more. It represents a high point in applying concepts of capital and wealth accumulation comprehensively to all aspects of humanand non-human existence. Unravelling the flaws in the arguments, contradictions and underlying motives requires both understand of and cutting through the specialist language, neoclassical economic models, mathematics and rhetoric. We offer a critical guide to and deconstruction of Dasgupta’s biodiversity economics and reveal its real aim. Framing critical biodiversity loss as an issue of asset management and population size is a blind to avoid questioning economic growth, which remains unchallenged and depoliticized despite apparently recognizing natural limits. Dasgupta ignores long-standing problems with capital theory and social cost–benefit analysis. Rather than a scientific review of biodiversity economics he offers impossible to achieve valuation, based on old flawed theories and methods, embedded in an unsavoury political economy.

Item Type: Article
Additional Information: latest articles
Keywords: Biodiversity economics; financialisation of nature; environmental values; natural capital; social costs
Divisions: Departments > Sozioökonomie > Multi-Level Governance and Development
Version of the Document: Published
Depositing User: ePub Administrator
Date Deposited: 07 Jun 2021 10:44
Last Modified: 16 Jun 2021 11:00
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/100203/
URI: https://epub.wu.ac.at/id/eprint/8015

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