Models of Sustainable Development

Abstract

In this new book a wide range of approaches to modelling sustainable development is examined, including neoclassical, evolutionary, ecological economics and neo-Ricardian models. Recognizing that the application of sustainable development requires the reorientation of economic analysis on several fundamental points, a distinguished group of authors re-examines such key issues as intra- and intergenerational equity, the treatment of the very long term, the irreversibility of ecological change, fundamental uncertainty and system complexity, and processes of technological change. The achievements and limitations of different models of sustainable development are explored, with particular reference to their value in support of decision-making.