ABSTRACT
When you have read this chapter you should:
Have a good grasp of the distinction between instrumental and noninstrumental value and of the relation of each to well-being.
Understand the argument for saying that environmental goods are not only instrumental goods but in many cases valued for themselves.
Understand why the pure mental-state account of well-being is inadequate.
Understand some of the arguments for and against cost benefit analysis as a method of assessing environmental values.
