Economic Theories and Sustainable Development

Caroline D. Ditlev-Simonsen ()
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Caroline D. Ditlev-Simonsen: BI Norwegian Business School

Chapter 3 in A Guide to Sustainable Corporate Responsibility, 2022, pp 37-60 from Springer

Abstract: Abstract In this chapter, I provide a brief introduction of some of the key economic theories, and how and to which extent they apply to sustainable development and corporate responsibility. How economics, international trade, organizations, tax, values, banks, governments, and so on work today can all be attributed to one or more of the economic theorists introduced in this chapter. Still, these theories were developed at the time when environmental challenges such as climate change and resource depletion were not pressing issues, and therefore not considered. I conclude with an overview of the key economists and philosophers who explicitly consider sustainability and corporate responsibility in their assessment of society and business. This chapter concludes with discussing new trends and theories capturing the sustainable element of business models.

Keywords: Economic theory; Business models; Economic development; Trade; Organizations; Government; Climate change; Systemic change (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-88203-7_3

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DOI: 10.1007/978-3-030-88203-7_3

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