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The principles of an ecosystem-based economic analysis are based on the approaches of ecological economists. Ecological economics is a transdisciplinary field of study that addresses the relationships between ecosystems and economic systems in the broadest sense, attempting to integrate and synthesize many different disciplinary perspectives (Costanza et al 1991). Ecological economics points out the need to protect the integrity of ecological systems (Norton 1991).

The connections between ecosystems and economics is summarized by Costanza (1991):

Ecological systems play a fundamental role in supporting life on earth at all hierarchical scales. They form the life-support system without which economic activity would be impossible. They are essential in global material cycles like the carbon and water cycles. They provide raw materials, food, water, recreational opportunities, and microclimate control for the entire human population. In the long run, a healthy economy can only exist in symbiosis with a healthy ecology.


Ecological Economics

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Ecological economics also recognizes the need to assign value to ecological goods and services (Costanza 1991) so that humans do not consider these to be “free.” Thomas Power (1988) has studied the non-commercial qualities that contribute to a healthy economy. In examining what makes a local or community economy healthy and stable, Power discovered that people valued the quality of life in an area and would accept lower wages and a certain level of reduced services if their quality of life needs were met.

Ecosystem-based Approach: the Foundation for Sustainability

an ecosystem-based approach is supported by such formerly divergent disciplines as ecology and economics. Leading thinkers in ecological economics, conservation biology, landscape ecology, and forest ecology are all telling us that maintaining fully functioning ecosystems at all scales must be our priority if we are to develop and sustain human cultures and the economies that make up human cultures. The Slocan Valley ecosystem-based landscape plan puts this knowledge and principles into a practical, realistic context. The results challenge all of us, but we must determine how to implement this type of plan if we are to ensure a healthy Earth and provide options for future generations.


Source : Ecosystem-based Landscape Plan for the Slocan River Watershed. Silva Forest Foundation.

 

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