Valuing the Future Economic Theory and Sustainability

About this book

Presents a coherent framework for understanding the Earth's future from an economic perspective.

Contents

AppendixProject evaluationNational welfareMeasuring national incomePolicy issuesCapital and renewable resourcesExhaustibility and accumulationCapital accumulationInvestment in a backstopRenewable resources revisitedDepletion revisitedAlternatives to utilitarianismA broader perspectiveRenewable resourcesValuing a depletable stockThe classical formulationSustainability within a classical framework

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Biography

Geoffrey Heal is Garrett Professor of Public Policy and Business Responsibility and professor of economics and finance of the Graduate School of Business at Columbia University. A past president of the Association of Environmental and Resource Economists, he is the author of many scientific articles and thirteen books, including Economic Theory and Exhaustible Resources and Nature and the Marketplace.