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Major Issues In Bringing About Sustainability

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  • Mircea SAVEANU

    () (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

Research on sustainability is now fast approaching half a century of dedicated work. Although there have been significant breakthroughs, sustainability and its corollary, sustainable development, have proven a tough nut to crack. In our paper, we have started from some fundamental questions, which have yet to be answered and analyzed the implications that stem from these questions. Going past the problem of weakly quantifiable concepts in the definition, a very important issue is that of individual and community preferences. Specifically, these are all short to mid-term lived, while some sustainability problems, particularly those relating to the environment require a significantly longer time period. Another implication is that, given our limited resources, sustainable development would require a careful balance between investments among the three pillars of sustainability, and not follow a maximization policy. Lastly, we conclude that basing our sustainability policies on premises of linear evolution is a dangerous undertaking.

Suggested Citation

  • Mircea SAVEANU, 2015. "Major Issues In Bringing About Sustainability," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(1), pages 156-166, March.
  • Handle: RePEc:jes:wpaper:y:2015:v:7:i:1:p:156-166
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    File URL: http://ceswp.uaic.ro/articles/CESWP2015_VII1_SAV.pdf
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    References listed on IDEAS

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    1. Pezzey, John C.V. & Toman, Michael, 2002. "The Economics of Sustainability: A Review of Journal Articles," Discussion Papers 10683, Resources for the Future.
    2. William D. Nordhaus, 1973. "The Allocation of Energy Resources," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(3), pages 529-576.
    3. Beckerman, Wilfred, 1972. "Economists, Scientists, and Environmental Catastrophe," Oxford Economic Papers, Oxford University Press, vol. 24(3), pages 327-344, November.
    4. Costanza, Robert & Patten, Bernard C., 1995. "Defining and predicting sustainability," Ecological Economics, Elsevier, vol. 15(3), pages 193-196, December.
    5. Nicholas Georgescu-Roegen, 1986. "The Entropy Law and the Economic Process in Retrospect," Eastern Economic Journal, Eastern Economic Association, vol. 12(1), pages 3-25, Jan-Mar.
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    1. repec:jes:wpaper:y:2018:v:10:i:1:p:49-66 is not listed on IDEAS

    More about this item

    Keywords

    sustainability; preferences; sustainable development; resources;

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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