SUSTAINABLE ECONOMY AND SELF-SUFFICIENT ECONOMIC GROWTH: CHALLENGES OF NEOCLASSICAL CONCEPTUALIZATION

УСТОЙЧИВАЯ ЭКОНОМИКА И САМОДОСТАТОЧНЫЙ ЭКОНОМИЧЕСКИЙ РОСТ: ВЫЗОВЫ НЕОКЛАССИЧЕСКОЙ КОНЦЕПТУАЛИЗАЦИИ

Daria G. Ivanova (Иванова Д.Г.)
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Daria G. Ivanova (Иванова Д.Г.): Rostov State University of Economics

State and Municipal Management Scholar Notes, 2022, vol. 4, 197-202

Abstract: This paper evaluates the economic sustainability epistemology, based on the dominants of its regulated integration into the world economic space and functioning on market principles, from the standpoints of neoclassical approaches (second half of the 20th - early 21st centuries). The main problems of the neoclassical theorization of sustainable economic growth are presented, the necessity and promising directions for developing alternative approaches to the sustainable economic definition as a system balancing between the national welfare growth, the natural capital rational consumption and world economic externalities (demographic, technological, market conditions) are scientifically substantiated; conditions of its formation and factors of long-term development are suggested.

Keywords: sustainable economy; economic growth; natural capital; consumption; national wealth (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:smmscn:s22426

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