Abstract
Everything we say in this chapter unconditionally presumes that man is the measure of all things. Whatever a man does must be the best thing for him to do, given his knowledge of the moment—otherwise he would not do it. Thus, preferences are assumed to be revealed by self-governed behavior. More broadly, the economic concept of value is based on and is derived from individual human preferences. This is not as restrictive as it may first appear; while this perspective does not grant the natural environment equal status with human beings, we include the preferences of those persons who believe that it ought to be so granted, along with their probable high valuations of environmental assets, such as air quality.
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References
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Adams, R.M., Crocker, T.D. (1988). Model Requirements for Economic Evaluations of Pollution Impacts Upon Agriculture. In: Heck, W.W., Taylor, O.C., Tingey, D.T. (eds) Assessment of Crop Loss From Air Pollutants. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1367-7_20
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DOI: https://doi.org/10.1007/978-94-009-1367-7_20
Publisher Name: Springer, Dordrecht
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