2002 Articles
Interpreting sustainability in economic terms: dynamic efficiency plus intergenerational equity
Economists have confined the concept of 'sustainability' to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation.
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Also Published In
- Title
- Economics Letters
- DOI
- https://doi.org/10.1016/S0165-1765(03)00036-3
More About This Work
- Academic Units
- International and Public Affairs
- Published Here
- January 30, 2012