On Sustainable Development and National Accounts

Herman Daly

Chapter 4 in Economics, Growth and Sustainable Environments, 1988, pp 41-56 from Palgrave Macmillan

Abstract: Abstract This essay discusses an anomaly that confronts current views on economic development: namely, that economic development as currently understood and measured is neither sustainable for a long future nor generalisable to all presently living people. There follows a preliminary proposal for changes in national accounting and valuation procedures necessary to correct this fundamental anomaly in GNP-based theories of growth and development.

Keywords: Capital Stock; National Account; User Cost; Capital Account; Sevenfold Increase (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-19014-0_4

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DOI: 10.1007/978-1-349-19014-0_4

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