... of governmental heritage assets. Consequently, the information generated is inconsistent with the economic rationale and the valuation process may prejudice any assessment of the performance of entities responsible for these assets. There is a strong case for either widening the concept of value to include non...

... intertemporal allocation made in these various contexts differ primarily because of the different time scales involved. Price (1993) writes: Conservation Discounts Ecology Economics Hierarchy Valuation Perhaps no other theoretical issue divides economists more deeply than that of discounting...

... between these systems give us insights into the reasons for the loss of diversity in socio‐economic systems. Examines the assumptions and valuation concepts underlying economic theory and the ways in which mainline economic theory contributes to the loss of socio‐economic diversity. The analysis draws...