This article discusses an environmental valuation perspective, based on heterodox foundations, in an approach here called institutional-ecological. First, it is identified the main limits of neoclassical approach and its corresponding valuation propositions, specially having in mind the challenge placed by Sustainable Development criteria. After, it seeks to bring up propositive principles from heterodox approaches, particularly from formulations in the institutionalist field and ecological economics field. These are considered elements potentially able to analytical integration for the constitution of a heterodox framework for environmental values. Finally, based on a discussion on the process of environmental values constitution and internalization and on the so claimed analytical integration, the article proposes basis to formulate an institutional-ecological approach to environmental valuation. And, within this perspective, it eventually discusses the scope for the application of neoclassical valuation methods, currently used.
Value; Environmental valuation; Institutional economics; Ecological economics
