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Sustainable Economic Development: The Main Principles and the Basic Equation



    () (University of Economics and Law, Dniepropetrovsk, Ukraine)


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

    1. 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


    economic system sustainable development; economic system selforganization; model sustainable development of the economic system;

    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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