What Water Is Worth: Overlooked Non-Economic Value in Water Resources

Kira Artemis Russo received a B.S. in broadcast communication and an M.A. in history from California State University, Sacramento. She received a second M.A. and a Ph.D. from the Department of Politics and International Affairs at Northern Arizona University. She focuses on environmental policy, particularly water resources. Zachary A. Smith is a Regents' Professor of Political Science at Northern Arizona University. He received his B.A. from California State University, Fullerton and his M.A. and Ph.D. from the University of California, Santa Barbara. He is a consultant both nationally and internationally on natural resource and environmental matter, and has authored numerous books and articles on environmental and natural resource policy topics.

• Contents Preface 1 Conventional Values of Water Introduction: The Many Facets of Value Terminology Commodification Highlights from the Literature Conventional Values of Water Unconventional Values of Water Conservation Values Spiritual Values Policy Learning Use Values of Water The Value of Water as a Consumable Commodity Monetary Terms The Utility of Water Monetary Terms Welfare Economics Environmental Economics Cost-benefit Analysis Contingent Valuation Ecological Economics 2 Economic Grounds for Current Practices of Water Management A Starting Point: Values Sanctioned in Economics Turning Nature into Capital Water Markets and Hegemonic Powers The Indoctrination of Classical Liberalism Locke on Property Locke on Money The Indoctrination of Neoliberalism The Globalization of Trade The International Monetary Fund The World Bank The World Trade Organization Permeation of the 'Common Sense' The Common Sense of Water Marketing 3 The Millennium Ecosystem Assessment An Overview of the Millennium Ecosystem Assessment The Millennium Ecosystem Assessment— The Trend toward Inclusion of Community Values The Millennium Ecosystem Assessment— Ecosystem and Hydrologic Services Ecosystem Services Hydrologic Services The Millennium Ecosystem Assessment— Conclusions and Progress A Further Look at Ecological Economics 4 Non-Conventional Community Values of Water Non-monetary Values of Water Environmental Values of Water In-stream Values of Water Spiritual Values of Water Eastern Beliefs Jainism Hinduism Chinese Traditional Religion Buddhism Shinto Sikhism Western Beliefs Judaism Islam Christianity Ecologically-based Spiritual Beliefs Zoroastrianism Bahá'í Faith Native American Beliefs Tsalagi Inuit Native Beliefs in Arizona African Spirituality Additional Ways People Hold Spiritual Value for Water 5 Cooperative Communities: The Future of Water Management Assignments of Non-monetary Value Assignments of Non-monetary Values and Emergent Ecological Benefits Implementation Water as a Human Right The Role of Gender Education Worldwide Water Managers as Agents of Public Trust Conclusion References