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The Economics of Sustainability book cover

1st Edition

The Economics of Sustainability

By John C.V. Pezzey, Michael A. Toman Copyright 2002
    424 Pages
    by Routledge

    424 Pages
    by Routledge
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    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.

    Introduction PART I 1974-1986: RESPONDING TO 'LIMITS TO GROWTH' 'The Optimal Depletion of Exhaustible Resources', Review 0/ Economic Studies Symposium, 2 'Growth with Exhaustible Natural Resources: Efficient and Optimal Growth Paths', Review of Economic Studies 3 'Intergenerational Equity and Exhaustible Resources', Review 0/ Economic Studies Symposium, 4 'Intergenerational Equity and the Investing of Rents from Exhaustible Resources', American Economic Review 5 'On the Intergenerational AIIocation of Natural Resources', Scandinavian Journal 0/ Economics, 6 'Hartwick's Rule in Open Economies', Canadian Journal 0/ Economics, PART 11 1987-1996: TUE EMERGENCE OF A SUSTAINABILITY LITERATURE 7 'The Concept of Sustainable Economic Development', Environmental Conservation, 14, 8'Toward Some Operational Principles of Sustainable Development', Ecological Economics, 9 'Sustainability: An Interdisciplinary Guide', Environmental Values, 10 'Economics and Sustainability: Balancing Trade-offs and Imperatives', Land Economics, 11 '''Sustainable Development: Is it a Useful Concept?' , Environmental Values, 12 'Intergenerational Resource Rights, Efficiency, and Social Optimality', Land Economics, 13 'Environmental Valuation under Sustainable Development', AEA Papers and Proceedings, vi The Economics of Sustainability 14 'Towards an Ecological Economics of Sustainability', Ecological Economics, 15 'Capital Theory and the Measurement of Sustainable Development: An Indicator of Weak Sustainability' , Ecological Economics, 16 'Net National Product as an Indicator of Sustainability', Scandinavian Journal 0/ Economics, PART III 1997-2000: A FLOURISHING BUT STILL DEVELOPING LITERATURE 17 'On the Problem of Achieving Efficiency and Equity, Intergenerationally', Land Economics, 18 'Sustainability Constraints versus Optimality versus Intertemporal Concern, and Axioms versus Data', Land Economics, 9 'An Axiomatic Approach to Sustainable Development', Social Choice and Welfare, 20 'On Sustainability and Intergenerational Transfers with a Renewable Resource', Land Economics, 21 'Sustainability and Technical Progress', Scandinavian Journal 0/ Economics, 22 'International Trade and the Sustainability Footprint: A Practical Criterion for its Assessment', Ecological Economics 23 'Measuring Sustainability: A Time Series of Alternative Indicators for Scotland', Ecological Economics, ded

    Biography

    Pezzey, John C.V.; Toman, Michael A.

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