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Sustainability: Dynamics & Uncertainty

by Heal, Geoffrey E Chichilnisky, Graciela

  • ISBN: 9780792346982
  • ISBN10: 079234698X

Sustainability: Dynamics & Uncertainty

by Heal, Geoffrey E Chichilnisky, Graciela

  • List Price: $112.00
  • Binding: Hardcover
  • Publisher: Kluwer Academic Publishers
  • Publish date: 01/01/1998
  • ISBN: 9780792346982
  • ISBN10: 079234698X
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Description: This volume provides a rigorous and analytical perspective on the pressing issue of making economic progress consistent with environmental conservation. It proposes formal definitions of sustainability, embeds them in dynamic models and models of uncertainty, and explores the concepts and their implications. It presents a wide-ranging approach to formalizing sustainability and bringing it within the realm of economic theory.

Environmental sustainability of growth depends on the interactions between the biosphere and the process of economic growth. The analysis of the dynamics of such a complex system requires the use of sophisticated dynamic methods in order to take account of the most relevant implications for social welfare, such as the relationship between economics and ethics, intergenerational distribution of resources, and the impact of economic policy on environmental conservation.

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