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"Nachhaltige Entwicklung"- Zur �konomik des Bangens und des Hoffens

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  • Alfred Endres
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    Abstract

    The paper starts with a critical assessment of attempts to measure sustainability. Moreover, incentives for the present generation to follow a sustainable path are a key issue. Sustainability is threatened by discounting and by the open access structure of the relationship between present and future generations. On the other hand, there are economic causes for optimism. Particularly if the present generation corrects market failures, positive intertemporal externalities are generated. In addition to this „main stream” economic reasoning, the paper investigates whether sustainability is more likely if decision makers are not guided by the rules of homo oeconomicus. Copyright Verein für Socialpolitik und Blackwell Publishers Ltd, 2004

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    Article provided by Verein für Socialpolitik in its journal Perspektiven der Wirtschaftspolitik.

    Volume (Year): 5 (2004)
    Issue (Month): 1 (02)
    Pages: 91-104

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    Handle: RePEc:bla:perwir:v:5:y:2004:i:1:p:91-104

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    1. Nyborg, Karine, 2000. "Homo Economicus and Homo Politicus: interpretation and aggregation of environmental values," Journal of Economic Behavior & Organization, Elsevier, vol. 42(3), pages 305-322, July.
    2. Gollier, Christian, 2002. "Discounting an uncertain future," Journal of Public Economics, Elsevier, vol. 85(2), pages 149-166, August.
    3. Bruno S. Frey & Alois Stutzer, 2001. "What Can Economists Learn from Happiness Research?," CESifo Working Paper Series 503, CESifo Group Munich.
    4. Dasgupta, Partha, 2001. "Human Well-Being and the Natural Environment," OUP Catalogue, Oxford University Press, number 9780199247882, Octomber.
    5. Welsch, Heinz, 2002. "Preferences over Prosperity and Pollution: Environmental Valuation Based on Happiness Surveys," Kyklos, Wiley Blackwell, vol. 55(4), pages 473-94.
    6. M. L. Weitzman, 1974. "On the Welfare Significance of National Product in Dynamic Economy," Working papers 125, Massachusetts Institute of Technology (MIT), Department of Economics.
    7. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-74, December.
    8. Lange, Andreas & Vogt, Carsten, 2003. "Cooperation in international environmental negotiations due to a preference for equity," Journal of Public Economics, Elsevier, vol. 87(9-10), pages 2049-2067, September.
    9. John M. Hartwick, 1990. "Natural Resources, National Accounting and Economic Depreciation," Working Papers 771, Queen's University, Department of Economics.
    10. Atkinson, Tony & Cantillon, Bea & Marlier, Eric & Nolan, Brian, 2002. "Social Indicators: The EU and Social Inclusion," OUP Catalogue, Oxford University Press, number 9780199253494, Octomber.
    11. Solow, Robert, 1993. "An almost practical step toward sustainability," Resources Policy, Elsevier, vol. 19(3), pages 162-172, September.
    12. Congleton, Roger D, 1992. "Political Institutions and Pollution Control," The Review of Economics and Statistics, MIT Press, vol. 74(3), pages 412-21, August.
    13. Asheim, Geir B, 1997. " Adjusting Green NNP to Measure Sustainability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 99(3), pages 355-70, September.
    14. Endres, Alfred, 1997. "Increasing Environmental Awareness to Protect the Global Commons--A Curmudgeon's View," Kyklos, Wiley Blackwell, vol. 50(1), pages 3-27.
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