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On Sustainable Development and National Accounts

In: Economics, Growth and Sustainable Environments

Author

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  • Herman E. Daly

Abstract

This essay discusses an anomaly that confronts current views on economic development: namely, that economic development as currently understood and measured is neither sustainable for a long future nor generalisable to all presently living people. There follows a preliminary proposal for changes in national accounting and valuation procedures necessary to correct this fundamental anomaly in GNP-based theories of growth and development.

Suggested Citation

  • Herman E. Daly, 1988. "On Sustainable Development and National Accounts," Palgrave Macmillan Books, in: David Collard & David Pearce & David Ulph (ed.), Economics, Growth and Sustainable Environments, chapter 4, pages 41-56, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19014-0_4
    DOI: 10.1007/978-1-349-19014-0_4
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    Citations

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    Cited by:

    1. Cicatiello, Clara & Pancino, Barbara & Franco, Silvio, 2012. "Un modello per la valutazione della sostenibilità territoriale delle filiere agroalimentari: struttura e applicazione alla sfera ambientale," 2012 First Congress, June 4-5, 2012, Trento, Italy 124383, Italian Association of Agricultural and Applied Economics (AIEAA).
    2. Lawn, Philip, 2013. "The failure of the ISEW and GPI to fully account for changes in human-health capital — A methodological shortcoming not a theoretical weakness," Ecological Economics, Elsevier, vol. 88(C), pages 167-177.
    3. Van der Slycken, Jonas & Bleys, Brent, 2020. "A Conceptual Exploration and Critical Inquiry into the Theoretical Foundation(s) of Economic Welfare Measures," Ecological Economics, Elsevier, vol. 176(C).

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