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Sustainable Development and Intergenerational Equity: Issues Relevant to India and Globally AgEcon
Tisdell, Clement A..
As outlined, recurring concerns have surfaced since the 1700s that economic growth may prove to be unsustainable. These concerns have been expressed again and have intensified in recent decades but their foundation differs from that of Malthus. The rapid economic growth of China and India have added to these worries. Recent discussions by economists of the desirability of achieving sustainable economic development have mainly focused on measures to attain intergenerational equity in resource use and the dominant view is that each succeeding generation should be at least as well-off as its predecessor. While this is said to be an implication of Rawls’ principle of justice, this dominant rule does not fully reflect Rawls’ principle and it also can violate...
Tipo: Working or Discussion Paper Palavras-chave: China; Economic growth; India; Intergenerational equity; Rawls’ principle of justice; Sustainable economic development; Consumer/Household Economics; Environmental Economics and Policy; Institutional and Behavioral Economics; International Development; O13; O44; Q01.
Ano: 2010 URL: http://purl.umn.edu/97470
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Is Posner's Principle of Justice an Adequate Basis for Environmental Law? AgEcon
Tisdell, Clement A..
Posner adopted the economic principle of wealth maximization as a guiding principle for the dispensation of justice. This resulted in his endorsing the Kaldor-Hicks principle (also known as the potential Paretian improvement principle) as a basis for just laws. This article explores whether this principle is an adequate basis for environmental law. As can be deduced from Fleming, the legal approach adopted by Posner is by no means new because early British tort law was applied in a manner intended to foster economic growth. Nevertheless, the wealth maximization principle is not adequate as a basis for just environmental laws because for one thing it ignores questions involving changes in income distribution. Consequently, Rawls’ principle of justice is...
Tipo: Working or Discussion Paper Palavras-chave: Coase theorem; Law and economics; Posner’s principle of justice; Principles of justice; Property rights; Rawls’ principle of justice; Tort law; Welfare economics; Environmental Economics and Policy; K; K1. K11. K13; K32; Q5.
Ano: 2009 URL: http://purl.umn.edu/55337
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