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Weak Versus Strong Sustainability |
Eric Neumayer, Professor of Environment and Development, Department of Geography and Environment and Associate, Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, UK
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This insightful book explores the limits of the two opposing paradigms of sustainability in an accessible way. It examines the availability of natural resources for the production of consumption goods and services, and the environmental consequences of economic growth. The critical forms of natural capital in need of preservation given risk, uncertainty and ignorance about the future are also examined. The author provides a critical discussion of measures of sustainability. As indicators of weak sustainability, he analyses Genuine Savings and the Index of Sustainable Economic Welfare, also known as the Genuine Progress Indicator. Indicators of strong sustainability covered include ecological footprints, material flows, sustainability gaps and other measures, which combine the setting of environmental standards with monetary valuation.
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Contents: Preface to the Third Edition 1. Introduction and Overview 2. Sustainable Development: Conceptual, Ethical and Paradigmatic Issues 3. Resources, the Environment and Economic Growth: Is Natural Capital Substitutable? 4. Preserving Natural Capital in a World of Risk, Uncertainty and Ignorance 5. Measuring Weak Sustainability 6. Measuring Strong Sustainability 7. Conclusions Appendix 1. How Present-Value Maximisation Can Lead to Extinction Appendix 2. The Hotelling Rule and Ramsey Rule in a Simple General Equilibrium Model Appendix 3. The Hotelling Rule and the Ramsey Rule in a More Complex Model Appendix 4. The World Bank’s Genuine Savings Accounting Appendix 5. World Bank Regional Grouping of Countries Bibliography Index
View the author's website at
http://www.lse.ac.uk/Depts/geography/Eric1.htm
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