This paper addresses the too often separated insights of ecologists an
d resource managers, linking the biophysical and socioeconomic dimensi
ons of some freshwater issues. It begins with a brief exposure of fund
amentals of the method of multi-objective analysis, underlining that e
valuation of trade-offs between objectives is never a purely mathemati
cal or quantifiable undertaking. To varying degrees, it is based on su
bjective value judgments reflecting economic, social, cultural, and ae
sthetic preferences accorded by a society to different objectives. But
how far can different objectives be traded? I attempt to answer this
question using as an example the environmental and economic problems o
f the Aral Sea Basin in Central Asia. Simple water balance calculation
s are presented to illustrate the specific situation of the basin. Nex
t, a few critical issues of the Aral Sea Basin are discussed to show t
hat linking environmental and economic objectives is not an easy task
if one takes a short time perspective.