Physical Sciences and Mathematics Commons^™

Ecosystem Services: The Making Of A Metaphor We Live (?) By, Richard B. Norgaard

Systems Science Friday Noon Seminar Series

What started as a humble metaphor to help us think about our relation to nature has become integral to how we are addressing the future of humanity and the course of biological evolution. The metaphor of nature as a stock that provides a flow of services is insufficient for the difficulties we are in or the task ahead. Indeed, combined with the mistaken presumption that we can analyze a global problem within a partial equilibrium economic framework and reach a new economy project-by-project without major institutional change, the simplicity of the stock-flow framework blinds us to the complexity of the …