Some Difficulties of Measurement
Even if one wanted to measure the value of ‘natural capital’ in monetary terms, could it be done? Can it actually be measured without such a wide range of values being given that doing so is effectively useless for any decision-making processes? This chapter explores a series of difficulties about the measurement of ‘natural capital’. All these derive principally from the problem that ‘natural capital’ is a metaphor which doesn’t quite fit. The natural world and the world of capital are different in important ways.