Abstract
Founded upon sustainability science, the ecosystem services concept is increasingly defined by an economic valuation approach to natural capital. This latter-day addition risks subsuming the central message of the ecosystem services concept: that humanity is reliant upon the natural world. Three arenas of inappropriate application of the economic valuation approach to ecosystem services are detailed, these are defined as ecological, social-natural, and socioeconomic problems. Each problematic arena suggests the primary shortcoming of the economic valuation approach: it lacks an incorporation of the temporal component. More clearly incorporating the natural conditions and processes which compose and maintain human benefits into the ecosystem services concept will more fully reflect contemporary economics and sustainability science. The framework of Social-ecological Systems (SES) theory provides a broad foundation for the economic valuation of ecosystem services. Emphasizing the importance of human and environmental change, SES theory encapsulates a needed awareness of the dynamic interactions which compose ecosystem services.
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