Sustainable development: passing fad or potential reality?

Sustainable development: passing fad or potential reality? Raises the question, how can sustainable development be achieved and what are the limiting constraints in achieving it? Focuses on key conceptual issues of “sustainable development” with important operational implications for its attainment but is not designed to generate a general theory of sustainability. Uses the definition put forward by Peace and Warford, which defines sustainable development as “development that secures increases in the welfare of the current generation provided that welfare in the future does not decrease”. Using this definition, considers four important sub‐objectives of sustainable development, namely: equity and social justice issues, ecological issues, economic issues (maximizing service to a given stock of resources) and environmental issues (minimizing throughput to maintain a given level of stock). Using this framework, considers the conditions necessary for sustainable development, namely: maintaining a minimum population, reducing poverty, optimal depletion of non‐renewable resources, optimal depletion of renewable but exhaustible resources, preventing environmental degradation and improving energy efficiency. Also emphasizes the need to change the current measurement of growth which fails to account for sustainability principles. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Social Economics Emerald Publishing

Sustainable development: passing fad or potential reality?

International Journal of Social Economics, Volume 23 (4/5/6): 13 – Apr 1, 1996

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Publisher
Emerald Publishing
Copyright
Copyright © 1996 MCB UP Ltd. All rights reserved.
ISSN
0306-8293
DOI
10.1108/03068299610121778
Publisher site
See Article on Publisher Site

Abstract

Raises the question, how can sustainable development be achieved and what are the limiting constraints in achieving it? Focuses on key conceptual issues of “sustainable development” with important operational implications for its attainment but is not designed to generate a general theory of sustainability. Uses the definition put forward by Peace and Warford, which defines sustainable development as “development that secures increases in the welfare of the current generation provided that welfare in the future does not decrease”. Using this definition, considers four important sub‐objectives of sustainable development, namely: equity and social justice issues, ecological issues, economic issues (maximizing service to a given stock of resources) and environmental issues (minimizing throughput to maintain a given level of stock). Using this framework, considers the conditions necessary for sustainable development, namely: maintaining a minimum population, reducing poverty, optimal depletion of non‐renewable resources, optimal depletion of renewable but exhaustible resources, preventing environmental degradation and improving energy efficiency. Also emphasizes the need to change the current measurement of growth which fails to account for sustainability principles.

Journal

International Journal of Social EconomicsEmerald Publishing

Published: Apr 1, 1996

Keywords: Environment; Risk management; Service; Social economics; Sustainable development

References

  • The steady‐state economy
    Daly, H.G.

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