How the neoliberal obsession with valuing nature changes our understanding of it

Over the last decade, an industry has developed that values different aspects of nature in different ways. Its growth has been underpinned by the argument that, in a neoliberal world where the market is the dominant mechanism for distributing scarce resources, those assets that cannot be priced and traded are either undervalued or overlooked. Putting a price on nature allows it to be included in the market calculus and, thereby, to be noticed.

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