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A sub-primer on Ecological Economics: Adam Smith’s “Invisible Hand”, Market Failures, Ecosystem Services, and The Monetization of the Human Ecological Footprint. Don’t get me wrong about Adam Smith. I believe modern Neo-Classical Economists have mis-interpreted him .

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Adam Smith and The Wealth of Nations


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    Presentation Transcript
    1. A sub-primer on Ecological Economics:Adam Smith’s “Invisible Hand”, Market Failures, Ecosystem Services, and The Monetization of the Human Ecological Footprint

    2. Don’t get me wrong about Adam Smith.I believe modern Neo-Classical Economists have mis-interpreted him

    3. Adam Smith andThe Wealth of Nations

    4. Space as a Market Failure…

    5. Classic Market Failures

    6. Ecosystems and Market Failure

    7. The Earth from Space at Night:Explorations of the Human-Environment-Sustainability Problematic using Nighttime Satellite imagery

    8. Outline

    9. Where in the Universe could you take this photograph from?

    10. Example of Cloud Screening over Italy

    11. Nighttime Satellite ImageryGeo-location, Time Series Analysis, Spectral information, and Spatial Patterns allow for the differentiation ofCity Lights, Gas Flares, Squid Fishing, and Forest Fires

    12. Estimation of urban populations globallyHow Good are the ‘known’ numbers and who cares?When did the world population reach 6 billion?

    13. Proof of Concept with U.S. Data

    14. Using these Methods across the Globe:What was the total global population was in 1996?6.3 Billion rather than 5.9 Billion

    15. Disaggregate or ‘Intra-Urban’ estimates of Population Density

    16. Does Light Intensity within an urban area correlate with Population Density?

    17. What’s Going on in 1 km2?(this lesson on ‘scale’ informs the Space Station Photography movie later)

    18. Graphical Representation of the Model

    19. What do the Errors look like?

    20. Do Low Light Levels Map ‘Exurban Areas’?Metro Denver Area with inset of Highway 285 Commuter Shed South West of Denver

    21. Suburban and …

    22. Suburban and Exurban Homes

    23. Day & Night images of ‘Exurbia’

    24. Making Disaggregate (a.k.a. finer spatial resolution)Maps of Economic Activity

    25. Scatterplot of Night Light Energy & PPP of GDP for 208 nations

    26. Global map of Economic Activity as measured by Nighttime Satellite Image Proxy

    27. Coastal Wetlands and Storm Protection:A spatially explicit estimate of ecosystem service value

    28. Ecosystem Services as ‘Public Goods’

    29. Valuation of Ecosystem Services:Putting a dollar value on a ‘non-market’ service

    30. ‘Geography’ or ‘Why Space Matters?’:Spatially Explicit Valuation of Ecosystem Services

    31. The Data Story for Valuation of Storm Protection from Coastal Wetlands…

    32. The Damage Table (N = 34 Hurricanes)

    33. The Storm Tracks (N = ~100)

    34. Buffer Existing Storms to 100 km (50 km per side) and Match to Damage Table (N=34)

    35. Fleshing out the Table: 1) Population in Swath

    36. Fleshing out the Table: 2) GDP in Swath

    37. Fleshing out the table: 3) Wetlands in Swath

    38. ln (TDi /GDPi)= a + b1 ln(gi) + b2 ln(wi) + uiTDi = total damages from storm i (in constant 2004 $US);GDPi = Gross Domestic Product in the swath of storm i (in constant 2004 $US). The swath was considered to be 100 km wide by 100 km inland.gi = maximum wind speed of storm i (in m/sec)wi = area of herbaceous wetlands in the storm swath (in ha). ui = error

    39. The Aggregate Conclusion

    40. Mapping Impervious Surface Area with Nighttime Satellite Imagery

    41. We have paved over 110,000 square miles(Ohio is about 116,000 square miles)

    42. Paving the Planet: Mapping and Monetizing Human Impact on the Earth

    43. Approach and Assumptions

    44. Global Estimates of ISA have been developed using simple OLS models derived from DMSP nighttime imagery and LandScan Population Density

    45. These Models are applied Globally