Critical reviewTowards a moral socio-environmental economy: A reconsideration of values

In this intervention article I contribute to discussions of moral economy by arguing that scholars should reconsider the nature of value. Neoliberalism considers only exchange value. As a consequence neoliberal policies try to manage problems such as climate change with economic systems and instruments that are mis-calibrated to the material realities they are meant to represent. Value has spatial and temporal characteristics. Recognizing the spatial and temporal dynamics of value leads to new means of resource valuation, such as extending the time-frame of instruments and changing the nature of privatization. In conclusion, I argue for the need for new theories of use value.