EVPP 108 Chapter Notes - Chapter 6: Gross Domestic Product, Equal Protection Clause, United States Forest Service
Document Summary
Chapter 6 terms, class notes triple bottom line of sustainability trio of goals including economic advancement, environmental protection, and social equity. Instrumental (utilitarian) value valuing something based on the benefits we get by using them (animals are valuable bc we eat them) Intrinsic (inherent) value valuing something for its own sake because it has a right to exist. Environmental ethics the application of ethical standards between people and nonhuman entities. Anthropocentrism a view describing people who have a human-centered view of our relationship with the environment. Neoclassical economics examines psychological factors underlying consumer choices cost-benefit analysis economists add up estimated costs of a proposed action and compare these to the sum of benefits estimated to result from the action. Gdp gross domestic product, total monetary value of goods and services the nation produces each year. does not account for non market values or distinguish between desirable and undesirable economic activity.