The world budget constraint
The fact the resources of the earth are limited implies a budget constraint for the world economy, under the assumption of preserving the natural capital. Using recent data on the ecological footprint, the world product, and population, it is estimated that we are currently located in a non-feasible area. It is also estimated that if the present level of per capita product is to be sustained, the size of the world population must be reduced to 2.5 billion people. Given our natural resource endowment and the relationship between material income and happiness, suggested in recent research, there appears to be an obvious need for reconsidering our lifestyles, our consumption patterns, and our policies for population reduction. Copyright Springer Science+Business Media Dordrecht 2013
Volume (Year): 15 (2013)
Issue (Month): 6 (December)
|Contact details of provider:|| Web page: http://www.springer.com/economics/journal/10668|
|Order Information:||Web: http://link.springer.de/orders.htm|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Arrow, Kenneth & Bolin, Bert & Costanza, Robert & Dasgupta, Partha & Folke, Carl & Holling, C.S. & Jansson, Bengt-Owe & Levin, Simon & Mäler, Karl-Göran & Perrings, Charles & Pimentel, David, 1996.
"Economic growth, carrying capacity, and the environment,"
Environment and Development Economics,
Cambridge University Press, vol. 1(01), pages 104-110, February.
- Arrow, Kenneth & Bolin, Bert & Costanza, Robert & Dasgupta, Partha & Folke, Carl & Holling, C. S. & Jansson, Bengt-Owe & Levin, Simon & Maler, Karl-Goran & Perrings, Charles & Pimentel, David, 1995. "Economic growth, carrying capacity, and the environment," Ecological Economics, Elsevier, vol. 15(2), pages 91-95, November.
- Carleton Schade & David Pimentel, 2010. "Population crash: prospects for famine in the twenty-first century," Environment, Development and Sustainability, Springer, vol. 12(2), pages 245-262, April.
- Guinnane, Timothy W., 2010.
"The Historical Fertility Transition: A Guide for Economists,"
84, Yale University, Department of Economics.
- Timothy W. Guinnane, 2011. "The Historical Fertility Transition: A Guide for Economists," Journal of Economic Literature, American Economic Association, vol. 49(3), pages 589-614, September.
- Partha Dasgupta, 1995. "The Population Problem: Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 33(4), pages 1879-1902, December.
- David Pimentel, 2012. "World overpopulation," Environment, Development and Sustainability, Springer, vol. 14(2), pages 151-152, April.
- Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-84, July.
- Theodore Panayotou, 2000. "Population and Environment," CID Working Papers 54, Center for International Development at Harvard University.
When requesting a correction, please mention this item's handle: RePEc:spr:endesu:v:15:y:2013:i:6:p:1543-1553. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.