The Economics of Sustainability
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The Economics of Sustainability

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Description

Before the late 1980s, when the ideas of sustainability and sustainable development to the forefront of public debate, conventional, neo-classical economic thinking about development and growth had rarely given any consideration to the needs of future generations, or the sustainability of natural resource use. Defining sustainability broadly as intergenerational fairness in the long-term decision making of a whole society, and using established economic concepts, this selection of refereed journal articles brings a famously ill-defined concept into sharp focus, providing academics at all levels with a formidable research tool. Spanning thirty years of the most important philosophical, theoretical and empirical contributions from both critics and defenders of neo-classical assumptions and methods of economic analysis, this focused collection of papers constitutes a unique, balanced resource on the full range of intellectual debates surrounding the economics of sustainability.
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Product details

  • Hardback | 424 pages
  • 178 x 254 x 38.1mm | 880g
  • Ashgate Publishing Limited
  • Aldershot, England, United Kingdom
  • English
  • 0754621774
  • 9780754621775
  • 2,503,633

Table of contents

Contents: 1974-1986: Responding to 'Limits to Growth': The optimal depletion of exhaustible resources, Partha Dasgupta and Geoffrey Heal; Growth with exhaustible natural resources: efficient and optimal growth paths, Joseph Stiglitz; Intergenerational equity and exhaustible resources, Robert M. Solow; Intergenerational equity and the investing of rents from exhaustible resources, John M. Hartwick; On the intergenerational allocation of natural resources, Robert M. Solow; Hartwick's Rule in open economics, Geir B. Asheim. 1987-1996: The Emergence of a Sustainability Literature: The concept of a sustainable economic development, Edward B. Barbier; Toward some operational principles of sustainable development, Herman E. Daly; Sustainability: an interdisciplinary guide, John Pezzey; 'Economics and sustainability': balancing trade-offs and imperatives, Michael A. Toman; 'Sustainable development': is it a useful concept?, Wilfred Beckerman; Intergenerational resource rights, efficiency, and social optimality, Richard B. Howarth and Richard B. Norgaard; Environmental valuation under sustainable development, Richard B. Hoarth and Richard B. Norgaard; Towards an ecological economics of sustainability, Michael Common and Charles Perrings; Capital theory and the measurement of sustainable development: an indicator of 'weak' sustainability, David W. Pearce and Giles D. Atkinson; Net national product as an indicator of sustainability, Geir B. Asheim. 1997-2000: A Flourishing but Still Developing Literature: On the problem of achieving efficiency and equity, intergenerationally, Talbot Page; Sustainability constraints versus 'optimality' versus intertemporal concern and axioms versus data, John C.V. Pezzey; An axiomatic approach to sustainable development, Graciela Chichilnisky; On sustainability and intergenerational transfers with a renewable resource, Jeffrey A. Krautkraemer and Raymond G. Batina; Sustainability and technical progress, Martin L. Weitzman; International trade and the sustainability footprint: a practical criterion for its assessment, John L.R. Proops, Giles Atkinson, Burkhard Frhr. V. Schotheim and Sandrine Simon; Measuring sustainability: a time series of alternative factors for Scotland, Nick Hanley, Ian Moffat, Robin Faichney and Mike Wilson; Name index.
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About John C. V. Pezzey

Contributors: Partha S. Dasgupta, Geoffrey M. Heal, Joseph E. Stiglitz, Robert M. Solow, John M. Hartwick, Edward B. Barbier, Herman E. Daly, John Pezzey, Michael A. Toman, Wilfred Beckerman, Richard B. Howarth, Richard B. Norgaard, Michael Common, Charles Perrings, David W. Pearce, Giles D. Atkinson, Geir B. Asheim, Talbot Page, John C.V. Pezzey, Graciela Chichilnisky, Jeffrey Krautkraemer, Raymond Batina, Martin L. Weitzman, John L.R. Proops, Nick Hanley.
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