Wealth and sustainable development: the role of David Pearce

Karl‑Göran Mäler

Environmental & Resource Economics, 2007, vol. 37, issue 1, 63-75

Abstract: Green net national product was thought to be one way of measuring sustainable income. However, David Pearce understood that a better measure of sustainable development was to look at what a generation is leaving in form of capital assets to later generations. In this article, his arguments and insights are highlighted against recent theoretical advances. Copyright Springer Science+Business Media, Inc. 2007

Keywords: National product; Wealth; Sustainable development; Accounting prices; Social welfare (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s10640-007-9111-x

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