GDP is a bad gauge of material well-being, time for a fresh approach that accounts for parks and intangible capital, as well as the depletion of capital and damage to the environment.

A blog by WAVES Senior Environmental Economist Juan Pablo Castaneda on NCA efforts and the importance of working with partners in Latin America where immense natural resources are being depleted.

A formula for computing the price of natural capital was published in Proceedings of the National Academy of Sciences.