Weak versus Strong Sustainability
Summary
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Weak versus Strong Sustainability by Eric Neumayer
This fourth edition of an enduring and popular book has been fully updated and revised, exploring the two opposing paradigms of sustainability in an insightful and accessible way. Eric Neumayer contends that central to the debate on sustainable development is the question of whether natural capital can be substituted by other forms of capital. Proponents of weak sustainability maintain that such substitutability is possible, whilst followers of strong sustainability regard natural capital as non-substitutable.The author examines the availability of natural resources for the production of consumption goods and the environmental consequences of economic growth. He identifies the critical forms of natural capital in need of preservation given risk, uncertainty and ignorance about the future and opportunity costs of preservation. He goes on to provide a critical discussion of measures of sustainability. Indicators of weak sustainability such as Genuine Savings and the Index of Sustainable Economic Welfare - also known as the Genuine Progress Indicator - are analysed, as are indicators of strong sustainability, including ecological footprints, material flows and sustainability gaps. This book will prove essential reading for students, scholars and policymakers with an interest in ecological and environmental economics and sustainable development. Contents: Preface to the Fourth Edition 1. Introduction and Overview 2. Sustainable Development: Conceptual, Ethical and Paradigmatic Issues 3. Resources, the Environment and Economic Growth: Is Natural Capital Substitutable? 4. Preserving Natural Capital in a World of Risk, Uncertainty and Ignorance 5. Measuring Weak Sustainability 6. Measuring Strong Sustainability 7. Conclusions Appendix 1. How Present-value Maximisation Can Lead to Extinction Appendix 2. The Hotelling Rule and Ramsey Rule in a Simple General Equilibrium Model Appendix 3. The Hotelling Rule and the Ramsey Rule in a More Complex Model Bibliography Index
Eric Neumayer, Professor of Environment and Development, Department of Geography and Environment and Associate, Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, UK
| SKU | Unavailable |
| ISBN 13 | 9781781007099 |
| ISBN 10 | 1781007098 |
| Title | Weak versus Strong Sustainability |
| Author | Eric Neumayer |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Edward Elgar Publishing Ltd |
| Year published | 2013-04-30 |
| Number of pages | 296 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |
