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Sustainable Economic Development: The Main Principles and the Basic Equation

Author

Listed:
  • DMIRTY CHISTILIN

    (University of Economics and Law, Dniepropetrovsk, Ukraine)

Abstract

This work offers system and information content of the following economic categories: development, sustainable economic development. The author has formulated the fundamental principles of sustainable development: the principle of minimum resource dissipation and the equation of self-organization, the law of conserving the economic potential of a social system. The basic equation of development has been formulated. The model of sustainable development is viewed on the basis of the equation.

Suggested Citation

  • Dmirty Chistilin, 2010. "Sustainable Economic Development: The Main Principles and the Basic Equation," Romanian Journal of Economics, Institute of National Economy, vol. 30(1(39)), pages 95-109, June.
    • Handle: RePEc:ine:journl:v:1:y:2010:i:39:p:95-109
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    References listed on IDEAS

    as
    1. Philip Arestis & John S.L. McCombie & Roger Vickerman (ed.), 2006. "Growth and Economic Development," Books, Edward Elgar Publishing, number 3463.
    2. Herman E. Daly, 2007. "Ecological Economics and Sustainable Development, Selected Essays of Herman Daly," Books, Edward Elgar Publishing, number 12606.
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    More about this item

    Keywords

    economic system sustainable development; economic system selforganization; model sustainable development of the economic system;
    All these keywords.

    JEL classification:

    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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