Sustainable development: an evolutionary economic approach

Pascal van Griethuysen
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Pascal van Griethuysen: Graduate Institute for Development Studies, Geneva, Switzerland, Postal: Graduate Institute for Development Studies, Geneva, Switzerland

Sustainable Development, 2002, vol. 10, issue 1, 1-11

Abstract: In this paper, it is argued that the view of the economic sphere as a closed system cannot appropriately deal with the issue of sustainable development. Evolutionary economics is then presented as a fruitful alternative to apprehend the interactions between the economic, the human and the natural spheres. This emerging field offers both a firm theoretical basis (based upon recent developments in physics, biology, dynamic systems theory and the sciences of complexity) and practical, pragmatic answers to the implementation of a sustainable path of development. This is further illustrated with the presentation of the evolutionary logic of a multi-level common regime. Such a regime could be an institutional counterpart of social and environmental dynamics. Copyright © 2002 John Wiley & Sons, Ltd. and ERP Environment.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:wly:sustdv:v:10:y:2002:i:1:p:1-11

DOI: 10.1002/sd.175

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