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P359


Revaluing nature in novel ‘versions of economization’? Drawing economic practices and politics of nature together 
Convenors:
Marie Stilling (University of Oslo)
Stine Engen (University of Oslo)
Kristin Asdal (University of Oslo)
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Format:
Traditional Open Panel

Short Abstract:

This panel asks how novel ways of taking nature into account may engender different ‘versions of economization’ that possibly transform economic practices, tools and procedures. We invite contributions examining the sites, tools and possible conflicts surrounding such economic transformation.

Long Abstract:

This panel aims to bring together valuation approaches and the turn to nature in economic practices. In line with the conference theme, the panel asks how different ways of taking nature into account may engender different ‘versions of economization’ (Asdal and Huse 2023) that format and possibly transform the economy and its practices, tools, and procedures. We ask how and if this may bring about a change within the economic practices and theories themselves and how we can open up studies of economic practices to bring in the objects and organisms that are valued in novel ways. We invite empirical contributions that examine the sites of such economic experiments, valuations and transformations and studies that investigate how these are engendered, possibly hindered, and sometimes surrounded by tensions and conflicting modes of valuation.

How do economic actors value nature? And how are actors outside the economy acting upon economic expertise, their tools, motivations and models? By which tools and techniques are nature brought into economy – and how are they developed and experimented with? What ‘versions of economization’ do these tools and procedures bring about? And which value conflicts (Doganova et al. 2014) arise when nature is taken into economic account?

As the climate and biodiversity crises become ever more evident, new economic practices seem to take nature into account in novel ways. Business concepts such as ‘the triple bottom line’ and ‘regenerative design’ are used to develop business models that generate social and environmental value in addition to economic value. Financial actors envision the notion 'climate' risk to incorporate nature into finance, while simultaneously considering climate changes a risk to finance itself. How do such concepts tie into more familiar valuation devices such as ‘ecosystem services’ and ‘natural capital’, created and contested as tools to account for an other-than-economic productivity?

Accepted papers: