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Nachhaltige Entwicklung - Ökonomische Implikationen / Sustainable Development - Economic Implications

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  • Radke Volker

    (Fern Universität Hagen, Fachbereich Wirtschaftswissenschaft, Kleine Straße 22, D-58084 Hagen)

Abstract

The conditions for achieving environmentally sustainable development are discussed. The point of departure is the theoretical insight that choosing a path leading to the environmental collapse may be, under certain circumstances, a socially optimal strategy. Ecologiste' recommendations to renounce a discounting of future welfare as well as the notion of substitutability of consumption and environmental quality and a monetary evaluation of environmental goods are shown not to avoid the desaster. A more optimistic perspective of sustainability is presented emphasizing the present generation's self-interest in carefully handling the natural resource base.

Suggested Citation

  • Radke Volker, 1995. "Nachhaltige Entwicklung - Ökonomische Implikationen / Sustainable Development - Economic Implications," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 214(3), pages 289-301, June.
    • Handle: RePEc:jns:jbstat:v:214:y:1995:i:3:p:289-301
    DOI: 10.1515/jbnst-1995-0304
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