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Economic Theory and Sustainable Development : What Can We Preserve for Future Generations?.
Is development sustainable? When addressing the sustainability issue, decision-makers are faced with two challenges: taking into account conflicting issues, such as economic development and environmental preservation, while also ensuring intergenerational equity. Tackling these challenges amounts to...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken :
Taylor and Francis,
2012.
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| Colección: | Routledge studies in ecological economics.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Economic Theory and Sustainable Development; Copyright Page; Contents; List of figures; Preface; Overview; 1. General introduction; 1.1 The economics of sustainability; 1.2 Mathematical formalism; 1.3 Benchmark models; 1.4 Outline of the book; Part I: The sustainability issue in the economic literature; 2. The sustainability issue and sustainability concepts; 2.1 Environmental issues ... ; 2.2 From weak sustainability; 2.3 ... to strong sustainability; 2.4 The question of substitutability as the main point of opposition; 2.5 Intertemporal concerns and intergenerational equity.
- 3. The economics of intertemporal decisions3.1 Consumption and savings; 3.2 Time preferences and the discount rate; 3.3 Optimal growth theory; 3.4 The axiomatic approach to intertemporal choices; 3.5 Optimal growth theory and sustainable development; 4. The emergence of sustainability criteria; 4.1 Discounted utility; 4.2 Undiscounted utility; 4.3 The maximin criterion; 4.4 The green golden rule; 4.5 The Chichilnisky criterion; 4.6 The mixed Bentham-Rawls criterion; 4.7 Sustainable consumption and investment; 5. Some comments on key results ... and misleading interpretations.
- 5.1 Maximin criterion, solow's model and Hartwick's rule5.2 The generalized Hartwick rule; 5.3 Genuine savings: a step toward the practice of sustainability?; 5.4 Some comments on misleading points; 5.5 To sum up on Hartwick's rule and genuine savings; 6. What can we preserve for future generations?; 6.1 Conservation in neoclassical optimal growth problems with sustainability constraints; 6.2 Conservation with alternative sustainability criteria; 6.3 Welfare measurement; 6.4 Conclusion of Part I; Part II: Invariance theories and sustainable development; 7. Invariance in growth theory.
- 7.1 A glimpse at group theory and invariance7.2 Invariance in economic theory; 7.3 Invariance in the "cake-eating economy"; 7.4 Invariance in the production-consumption economy with nonrenewable resources; 7.5 Sustainable development and conservation laws; 7.6 Technical appendix on the use of Noether's theorem; 8. Weak invariance: the viability approach; 8.1 The viability theory and its interpretation in sustainability terms; 8.2 Sustainability of the production-consumption economy: the viability approach; 8.3 Sustainability seen as "viable development."
- 8.4 Viability and optimization criteria8.5 Technical appendix on viability; 9. What we can preserve for future generations; 9.1 Defining sustainability objectives as constraints; 9.2 The inverse viability problem; 9.3 Achievable sustainability objectives in the production-consumption economy; 9.4 On the normative choice of sustainability thresholds; 9.5 A practical step toward sustainability?; 9.6 Addressing the sustainability issue with prices or quantities?; 10. General conclusion; Notes; Bibliography; Index.