Books  Sustainable Development  Economics, Business & Industry  Environmental Economics 

Wealth, Welfare and Sustainability: Advances in Measuring Sustainable Development

By: Kirk Hamilton and Giles Atkinson

Edward Elgar

Paperback | Sep 2008 | #176660 | ISBN-13: 9781848441750
Availability: Usually dispatched within 6 days Details
NHBS Price: £24.95 $31/€29 approx
Hardback | Sep 2006 | #161355 | ISBN: 1843765764
Availability: Usually dispatched within 6 days Details
NHBS Price: £72.00 $89/€85 approx

About this book

This important book presents fresh thinking and new results on the measurement of sustainable development.

Economic theory suggests that there should be a link between future wellbeing and current wealth. This book explores this linkage under a variety of headings: population growth, technological change, deforestation and natural resource trade. The chief emphasis is on empirical measurement of of the change in real wealth - this measure of net or 'genuine' saving is a key indicator of sustainable development.

Just as imporatantly, the authors show that many resource-abundant countries would be considerably wealthier today if they managed to save and invest the profits from natural resource exploitation in the past.


Contents

Preface; 1. Introduction; 2. Wealth and Social Welfare; 3. Population Growth and Sustainability; 4. Testing Genuine Saving; 5. Resources, Growth and the 'Paradox of Plenty'; 6. A Hartwick Rule Counterfactual; 7. Deforestation - Accounting for a Multiple Use Resource; 8. Accounting for Technological Change; 9. Resource Price Trends and Prospects for Development; 10. International Flows of Resource Rents; 11. Summary and Conclusions.

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