Ecosystem Services

Economics and Policy

  • Stephen Muddiman

Part of the Palgrave Studies in Natural Resource Management book series (PSNRM)

Table of contents

  1. Front Matter
    Pages i-ix
  2. Stephen Muddiman
    Pages 1-23
  3. Stephen Muddiman
    Pages 25-69
  4. Stephen Muddiman
    Pages 71-96
  5. Stephen Muddiman
    Pages 97-128
  6. Stephen Muddiman
    Pages 129-150
  7. Stephen Muddiman
    Pages 151-160
  8. Back Matter
    Pages 161-163

About this book


This book bridges the gap between economic and ecological theory and practice. Its main focus is on how the principles of the Austrian School of economics could improve the validity of Ecosystem Services.

The concept of ‘Ecosystem Services’ is a relatively recent innovation in environmental thought. The current system is dependent upon mainstream economic theory, in which monetary and fiscal policy controls the prevailing health of the economy. The dependence on this approach to finance, Muddiman argues, limits the potential of ecosystem services and exacerbates the effects of the existing flawed economic model. 

The book highlights the links between ecological and economic methodologies and concepts and outlines how the principles of Austrian Economic theory could provide better environmental outcomes. It then goes on to formulate approaches to ecosystem services which could act as drivers towards a new biodiversity-based economic framework built around distributed ledger technology, or ‘blockchain’. The key distinction of this book is its consideration of ecosystem services as a function of the current economic system. Using this as a starting point it investigates how an alternative economic model would achieve the integration of environmental considerations into economic decision making.

Stephen Muddiman is Senior Research Scientist at Harwood Biology and has over 30 years’ professional experience. His technical skills lie mainly in the areas of entomology and botany. He has described 21 previously unrecognized species of tropical insect. Steve also has extensive experience of Ecological Impact Assessments in the UK and overseas. 


ecosystem services environmental economics applied ecology environmental policy Socio-Ecological Economics environmental impact assessment Austrian Economics Climate change Conservation management Ecological Models Economics of Ecosystems and Biodiversity (TEEB) Environmental Legislation Gaia hypothesis Millenium Ecosystem Assessment (MEA) natural resource management

Authors and affiliations

  • Stephen Muddiman
    • 1
  1. 1.Harwood BiologyGreat HarwoodUK

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2019
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Social Sciences Social Sciences (R0)
  • Print ISBN 978-3-030-13818-9
  • Online ISBN 978-3-030-13819-6
  • Buy this book on publisher's site
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