Does nature have a universal value? Can we consider natural capital as equivalent to financial capital?
This lecture gives a brief history of value, exploring the similarities between historical arguments as to why the value of housework and nature are not reflected either in theory or in the system of national accounts and GDP. It will explore the difficulties with putting a value on nature, for example trying to make meaningful estimates of what contribution water makes to our lives.
A lecture by Jacqueline McGlade
The transcript and downloadable versions of the lecture are available from the Gresham College website:
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