Book contents
- The Economics of Biodiversity
- The Economics of Biodiversity
- Copyright page
- Contents
- List of Boxes
- Foreword
- Preface to the CUP Edition
- Preface
- Part I Foundations
- Chapter 0 How We Got to Where We Are
- Chapter 1 Nature as an Asset
- Chapter 2 Biodiversity and Ecosystem Services
- Chapter 3 Biospheric Disruptions
- Chapter 4 Human Impact on the Biosphere
- Chapter 4* The Bounded Global Economy
- Chapter 5 Risk and Uncertainty
- Chapter 6 Laws and Norms as Social Institutions
- Chapter 7 Human Institutions and Ecological Systems, 1: Unidirectional Externalities and Regulatory Policies
- Chapter 8 Human Institutions and Ecological Systems, 2:
- Chapter 8* Management of CPRs:
- Chapter 9 Human Institutions and Ecological Systems, 3:
- Chapter 10 Well-Being Across the Generations
- Chapter 11 The Content of Well-Being: Empirics
- Chapter 12 Valuing Biodiversity
- Chapter 13 Sustainability Assessment and Policy Analysis
- Chapter 13* Accounting Prices and Inclusive Wealth
- Part II Extensions
- Part III The Road Ahead
- Appendix
- Acronyms
- Glossary
- References
- Acknowledgements
- Author Index
- Subject Index
Chapter 3 - Biospheric Disruptions
from Part I - Foundations
Published online by Cambridge University Press: 10 March 2025
- The Economics of Biodiversity
- The Economics of Biodiversity
- Copyright page
- Contents
- List of Boxes
- Foreword
- Preface to the CUP Edition
- Preface
- Part I Foundations
- Chapter 0 How We Got to Where We Are
- Chapter 1 Nature as an Asset
- Chapter 2 Biodiversity and Ecosystem Services
- Chapter 3 Biospheric Disruptions
- Chapter 4 Human Impact on the Biosphere
- Chapter 4* The Bounded Global Economy
- Chapter 5 Risk and Uncertainty
- Chapter 6 Laws and Norms as Social Institutions
- Chapter 7 Human Institutions and Ecological Systems, 1: Unidirectional Externalities and Regulatory Policies
- Chapter 8 Human Institutions and Ecological Systems, 2:
- Chapter 8* Management of CPRs:
- Chapter 9 Human Institutions and Ecological Systems, 3:
- Chapter 10 Well-Being Across the Generations
- Chapter 11 The Content of Well-Being: Empirics
- Chapter 12 Valuing Biodiversity
- Chapter 13 Sustainability Assessment and Policy Analysis
- Chapter 13* Accounting Prices and Inclusive Wealth
- Part II Extensions
- Part III The Road Ahead
- Appendix
- Acronyms
- Glossary
- References
- Acknowledgements
- Author Index
- Subject Index
Summary
It is not uncommon to hear people referring to tipping points, positive feedback, path dependence, irreversibility, and even catastrophic risks when talking or writing about climate change and biodiversity loss. As the expressions point to features of the processes governing the biosphere, it is important to understand what they amount to. Otherwise the terms will remain in wide use even when their significance for economic policy remains unclear.
The source of those features is the non-linearity of the processes that govern the biosphere. Non-linearity is a ubiquitous feature of Earth System processes, so ubiquitous that it would not be an exaggeration to say that the economics of biodiversity is the study of non-linear processes.91 The meaning of non-linearity is simple enough: if, to take an example, you were to replicate an ecosystem M times, the functions of the enlarged ecosystem would not be an M-fold replica of the original ecosystem.
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- The Economics of BiodiversityThe Dasgupta Review, pp. 67 - 84Publisher: Cambridge University PressPrint publication year: 2024