Thomas Tunstall, Reconciling Ecosystem Services with Economic Theory and Policy, The Solutions Journal, Volume 10, Issue 3, August 2019, (https://www.thesolutionsjournal.com/article/reconciling-ecosystem-services-economic-theory-policy/) Abstract: Conventional economic models fail to incorporate a full picture of long-term drivers of economic activity and societal benefit. In the quest for a false sense of precision, the models have become ever more complicated and essentially incomprehensible to policy makers1. Perhaps not surprisingly, the methodologically rigorous models are subject to wholesale modification and revision in the wake of a financial crisis. A fuller picture of the drivers of the economy in the 21st century that includes more interdisciplinary and comprehensive approaches to understanding and monitoring would better benefit policymakers. Too many economics-related schools of thought have become disconnected from the physical world. Land, or more generally natural capital, figured prominently in the thinking of classical economists such as Adam Smith and David Ricardo. Starting in the 19th century, land was de-emphasized in favor of labor and capital as areas of primary focus. Monetary analysis also … Topics: Ecosystem Services