Quotation Spash, Clive L., Hache, Frédéric. 2021. The Dasgupta Review deconstructed: an exposé of biodiversity economics. Globalizations. 1-24.


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Abstract

The Dasgupta Review is the latest attempt at justifying financialisation of Nature, but also much more. It represents a high point in applying concepts of capital and wealth accumulation comprehensively to all aspects of human and non-human existence. Unravelling the flaws in the arguments, contradictions and underlying motives requires both understanding of and cutting through the specialist language, neoclassical economic models, mathematics and rhetoric. We offer a critical guide to and deconstruction of Dasgupta’s biodiversity economics and reveal its real aim. Framing critical biodiversity loss as an issue of asset management and population size is a blind to avoid questioning economic growth, which remains unchallenged and depoliticized despite apparently recognizing natural limits. Dasgupta ignores long-standing problems with capital theory and social cost-benefit analysis. Rather than a scientific review of biodiversity economics he offers impossible to achieve valuation, based on old flawed theories and methods, embedded in an unsavoury political economy.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Globalizations
Citation Index SSCI
Language English
Title The Dasgupta Review deconstructed: an exposé of biodiversity economics
Year 2021
Page from 1
Page to 24
Reviewed? Y
URL https://www.tandfonline.com/doi/pdf/10.1080/14747731.2021.1929007
DOI http://dx.doi.org/10.1080/14747731.2021.1929007
Open Access Y
Open Access Link https://www.tandfonline.com/doi/full/10.1080/14747731.2021.1929007

Associations

People
Spash, Clive L. (Details)
External
Hache, Frédéric (Green Finance Observatory, Belgium)
Organization
Institute for Multi-Level Governance and Development IN (Details)
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