How Would you Like your 'Sustainability', Sir? Weak or Strong? A Reply to my Critics
AbstractThis article concentrates on the Jacobs and Daly criticisms (Environmental Values, Spring 1994) of my earlier article in the same journal (Autumn 1994) criticising the concept of 'sustainable development'. Daly and Jacobs agreed with my criticisms of 'weak' sustainability, but defended 'strong' sustainability on the grounds that natural and manmade capital were 'complements' in the productive process and that economists are wrong, therefore, in assuming that they are infinitely substitutable. This article maintains that they are confusing different concepts of 'complementarity' and 'substitutability'. It is also argued that, in fact, they do both sell crucial passes in their defence of strong sustainability without providing any clear criteria for their abandonment of it in certain cases. It is also denied that the fact that environmental services may provide different satisfactions from those obtained from other goods and services elevates it to the status of some over-riding moral value, or that discounting future costs and benefits is 'unfair' to future generations.
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Bibliographic InfoArticle provided by White Horse Press in its journal Environmental Values.
Volume (Year): 4 (1995)
Issue (Month): 2 (May)
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Web page: http://www.erica.demon.co.uk
Discounting; economic welfare; environmental values; inter-generational justice; natural capital; scarce resources; sustainability;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
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- Moser, Titus, 2001. "MNCs and Sustainable Business Practice: The Case of the Colombian and Peruvian Petroleum Industries," World Development, Elsevier, vol. 29(2), pages 291-309, February.
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