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| Pezzey, John C.V.; Toman, Michael. |
| Concern about sustainability helped to launch a new agenda for development and environmental economics and challenged many of the fundamental goals and assumptions of the conventional, neoclassical economics of growth and development. We review 25 years' of refereed journal articles on the economics of sustainability, with emphasis on analyses that involve concern for intergenerational equity in the long-term decision-making of a society; recognition of the role of finite environmental resources in long-term decision-making; and recognizable, if perhaps unconventional, use of economic concepts, such as instantaneous utility, cost, or intertemporal welfare. Taken as a whole, the articles reviewed here indicate that several areas must be addressed in future... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economic efficiency; Intergenerational equity; Social optimality; Sustainable development; Environmental Economics and Policy; Q20; D60; D90. |
| Ano: 2002 |
URL: http://purl.umn.edu/10683 |
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