cows were fed with unnatural food other animals and they became sick Brundtland

Cows were fed with unnatural food other animals and

  • No School
  • AA 1
  • 21

This preview shows page 7 - 11 out of 21 pages.

cows were fed with unnatural food (other animals), and they became sick. Brundtland report Sustainability : a sustainable development is a development that meets the needs of the present generation without compromising the ability of future generations to satisfy their own needs .
Image of page 7

Subscribe to view the full document.

In the definition: Development (it is not growth) Intergenerational concept Difficult or impossible to guess what are the needs of the future generations, but we have to leave them a broad capacity to satisfy their needs. We have to look at data, indicators to check if an economy is sustainable or not. Sustainable development 3 pillars of sustainable development Definition of sustainability for economists: 1. A sustainable development path is a path where consumption is non-declining over time 2. A sustainable development path is a path where utility (welfare) is non- declining over time Depends on consumption, leisure, state of environment, social links, culture etc. So the 2 nd definition is better than the first one 3. Weak sustainability Economic dimension efficiency Environnemental dimension viability Social dimension equity
Image of page 8
A sustainable development path is a path where total capital is non-declining over time. Total capital: manmade capital + natural capital + human capital + social capital Not easy to compute this total capital (you can’t calculate it) People thing there are limits to this sustainable development: because you can replace natural capital with the same amount of manmade capital for ex. 4. Strong sustainability natural capital is the most important, more difficult to achieve than the weak sustainability. Sustainability indicators 1. Dashboard of indicators You look at how these data evolve in time in a country. Economy dimension Growth indicators, fertility, unemployment etc. Social dimension Measures of inequalities, poverty etc. Environmental dimension Air pollution, number of animal species etc. But what are the drawbacks of these indicators? It says something about the past not about the future For some indicators you don’t know in what way you want them to evolve (fertility for example). 2. Extension of the HDI (Human Development Indicator) Growth Education Life expectancy Indicator of the state of the environment But what are the drawbacks of these indicators?
Image of page 9

Subscribe to view the full document.

Doesn’t say much about the future neither. 3. ANS: Adjusting net savings (genuine savings) Relies on the Weak sustainability: Total capital: W measures the wealth of the economy W t - W t - 1 = Y t - C t - D t = savings (production-consumption) – depreciation of natural capital, you disinvest in natural capital = G t = genuine saving So, if we have – G t , it means wealth decrease so the economy is not going to be sustainable We want G t =0, it means nothing disappeared.
Image of page 10
Image of page 11
  • Fall '19
  • Ecological economics, Renewable resource

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes