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Two Lectures by Mark Sagoff Institute for Philosophy and Public Policy University of Maryland |
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This Side of the Phenomena: If Kant is right and we can do science in the context of universal determinism, nature has no order that ecologists can model or represent in mathematical terms. We can therefore pursue morality (policy) and aesthetics in the context of the possibility of human freedom and the ordering of nature at the level of things-in-themselves. To do so is to abandon science to investigate nature in the context of the moral sciences, including aesthetics and theology. |
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The lectures are free and open to the public. For
special accommodation, contact us at 565-2266 |
What Does Willingness to Pay Measure? Value in Use and in Exchange The amount people pay and are willing to pay for a good - its market price - may have little to do with the benefit or utility that good provides. The concept of total WTP, insofar as it is defined as equal to utility or benefit, cannot and need not be measured. As a rule, people do not know, care to know, or even think about their total WTP even for goods that are marketed; rather, they respond to prices that competition among suppliers drives down toward production costs. Attempts to measure total WTP are needless because efficient allocation depends only on prices set in a competitive market. |
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Wednesday, April 9, 2003 - 7:30 p.m. in EESAT 130 |
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| Sagoff is a Pew Scholar in Conservation and the Environment and past President of the International Society of Environmental Ethics. Sagoff has published widely in journals of philosophy, law, economics, and public policy, including Amicus Journal, Atlantic Monthly, EPA Journal, Nature Conservancy, and Orion. His book, The Economy of the Earth: Philosophy, Law, and the Environment was published in 1988. He has also taught at Princeton University, the University of Wisconsin at Madison, and Cornell University. Sagoff has received major grants from several foundations, including the National Science Foundation, the National Endowment for the Humanities, and the Pew Charitable Trusts. |
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CEP - PHIL - UNT - March 17, 2003 |
