Batker will discuss the social benefits of water in the Puget Sound. He will set the stage by reviewing economic background conditions, and then move on to propose a new way of considering ecological economics in this region: 1. Ecological sustainability as a foundation for economic sustainability. 2. The need to make decisions about fairness and property rights, equity, etc. 3. The need to create economic progress and efficiency. 4. Getting good governance -- how do we create institutions that govern well and do good, for resources management?Earth Economics