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Archive for May, 2009



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Shadow Pricing in Economics

David A. Starrett
Economists are widely viewed by the general public
as being committed tomarkets as a way of allocating
resources and consequently to the use of market
prices as a reflection of social value. This view has
given economists a bad reputation in some circles;
indeed, there is a cynical definition of an economist
as someone who ‘‘knows the price of everything and
the value of nothing.’’ Whereas economists prob-
ably do as a group have more faith in markets than
others, it certainly is not true that we equate price
with value. We recognize many goods and services
for which there are no markets (such as clean air,
wildlife habitat, and …

Do Forests Receive Occult Inputs of Nitrogen?

Dan Binkley,
Yowhan Son,
and David W. Valentine
ABSTRACT
The nitrogen (N) cycle of forest ecosystems is un-
derstood relatively well, and few scientists expect
that major revisions will be necessary; most current
work on N cycling focuses on improving the preci-
sion estimates of pools and fluxes, or measuring the
magnitudes of well-known pools in response to
management or disturbances. However, in the past
few decades more than a dozen articles in refereed
journals have claimed very high rates of N input, far
beyond the rates expected for known sources of N.
In this review, we summarize the literature on N
accretion rates in forests that lack substantial con-
tributions from symbiotic N-fixing plants. We …

Energetic Basis for of Ecosystem Services Valuation

Howard T. Odum
and Eugene P. Odum
Valuation is one mechanism by which humans
organize occupancy and use of large-scale ecosys-
tems and regions, such as watersheds, estuaries,
cities, states, nations, and ultimately the whole
earth (the global perspective). When human valua-
tions do not measure the real contributions of
natural ecosystems, as is currently the case, ecosys-
tems are not protected, and the larger systems
produce less when the natural ecosystems are lost to
development. Ecologists working on small-scale
studies are concerned with the loss of their study
areas and biodiversity. Ecologists working at large
scales, and society in general, have to be concerned
that poor valuation is delaying the organization of a
sustainable pattern …

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