Sustainability: The matter of time horizon and semantic closure

Horacio Velasco

Ecological Economics, 2008, vol. 65, issue 1, 167-176

Abstract: It is argued that the time horizon of consideration in our present efforts at sustainability is not the correct time horizon. Implementation of the correct time horizon is revealed to require a bi-level control mode that has been termed semantic closure in theoretical biology. Daly's institutions for a steady-state economy are disclosed to afford the necessary semantic closure. However, it is required that those institutions be switched from a steady-state mode of operation to a peculiar pulsing mode of operation according to seminal calculations by Dyson if true sustainability is to be attained.

Date: 2008
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