Sustainability: Challenges for the Future

Estelle L. A. Herlyn () and Franz Josef Radermacher ()
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Estelle L. A. Herlyn: FOM (Hochschule für Ökonomie und Management)
Franz Josef Radermacher: Universität Ulm

A chapter in Sustainable Entrepreneurship, 2014, pp 23-37 from Springer

Abstract: Abstract Sustainability is today an overarching orientation line of world politics. However, debate and implementation differ heavily. The aim of this paper is to show that sustainable development is strongly coupled to implement a sustainable economy on a global scale. This challenge eventually means implementing the 35-year-old concept of a global eco-social market economy. A vital element in this concept is the market which creates competition under a given regulation and economic constraint system in order to provide goods and services. In addition, a second constraint system must meanwhile assure sustainability in its ecological and social dimension.

Keywords: Market Economy; Income Distribution; Constraint System; Social Market Economy; Fundamental Identity (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-642-38753-1_3

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