Valuing Nature. The Radiolab segment How Do You Put a Price Tag on Nature considers the manner in which environmental economists calculate the value of environmental assets and the arguments for and against using economic valuation in making regulatory and development decisions.

• Considering the discussion in Radiolab and the Frank and Ackerman/Heinzerling readings, what are the most important arguments for and against the market valuation of ecosystem services?
• Do you agree or disagree with Ackerman and Heinzerlings conclusion that Cost-benefit analysis cannot overcome its fatal flaw: it is completely reliant on the impossible attempt to price the priceless values of life, health, nature, and the future. (1553)