Unformatted text preview: nd population and engage in sustainable
development, which will allow us to leave future generations the capacity to live as well as we do today
To meet present needs without compromising the ability of future generations to meet their own needs,
we must preserve economic, environmental, and social capital (see definitions below) for future generations.
Preserving capital requires increasing economic, environmental, and social security. Keeping the rate of
consumption (demand) less than or equal to the rate of production (supply) preserves capital because capital
increases or remains constant over timevi. We can use triple bottom line accounting, also known as
sustainability accounting, to keep track of all three forms of capital and to identify sustainable purchasing
and policy options. We can achieve sustainability through conservation and efficient use of capital, building up
of capital reserves, using triple bottom line accounting, and diversifying by adding redundancy to capital supply
systems (e.g., have multiple sources of food, water, and energy). We will explore these strategies throughout
Social, economic, and environmental sustainability require that society preserve or increase the...
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- Fall '14
- John C. Ayers