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Weak versus strong sustainability : exploring the limits of two opposing paradigms

Author: Eric Neumayer
Publisher: Cheltenham : Edward Elgar, 2013.
Edition/Format:   eBook : Document : English : 4th editionView all editions and formats
Summary:
This fourth edition of an enduring and popular book has been fully updated and revised, exploring the two opposing paradigms of sustainability in an insightful and accessible way. Eric Neumayer contends that central to the debate on sustainable development is the question of whether natural capital can be substituted by other forms of capital. Proponents of weak sustainability maintain that such substitutability is  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Neumayer, Eric, 1970-
Weak versus strong sustainability.
(OCoLC)828417180
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Eric Neumayer
ISBN: 9781781007082 178100708X
OCLC Number: 843881847
Notes: Previous edition: 2010.
Description: 1 online resource
Contents: 2.1. Definitions, assumptions, methodology --
2.2. The ethics of sustainable development --
2.2.1. Reasons for committing to sustainable development --
2.2.2. The time-inconsistency problem of sustainable development --
2.2.3. Two misunderstandings about sustainable development resolved --
2.3. Weak versus strong sustainability --
2.3.1. The paradigm of weak sustainability --
2.3.2. The paradigm of strong sustainability --
2.4. The importance of the substitutability assumption: the case of climate change --
2.4.1. The Nordhaus approach towards climate change --
2.4.2. Critique of the Nordhaus approach (I): discounting the future --
2.4.3. Critique of the Nordhaus approach (II): extreme outcomes --
2.4.4. Critique of the Nordhaus approach (III): substitutability of natural capital --
2.4.5. The real controversy --
2.5. Conclusion --
3.1.A short history of resource and environmental concern --
3.2. Resource availability --
3.2.1. Substitution with other resources. 3.2.2. The role of prices in overcoming resource constraints --
3.2.3. Substitution with man-made capital --
3.2.4. Technical progress --
3.3. Environmental degradation --
3.3.1. Can future generations be compensated for long-term environmental degradation? --
3.3.2. Economic growth and the environment --
3.4. Conclusion --
4.1. Distinctive features of natural capital --
4.2. Risk, uncertainty and ignorance --
4.3. Coping with risk, uncertainty and ignorance --
4.3.1. Option and quasi-option values --
4.3.2. The precautionary principle --
4.3.3. Safe minimum standards (SMSs) --
4.4. Which forms of natural capital should be preserved? --
4.5. The problem of opportunity cost --
4.6. Conclusion --
5.1. Genuine savings (GS) --
5.1.1. GS in a closed economy: a dynamic optimisation model --
5.1.2. GS in an open economy --
5.1.3. Problems with measuring GS in practice --
5.1.4. GS in practice: the World Bank's computations. 5.2. Index of Sustainable Economic Welfare (ISEW) and Genuine Progress Indicator (GPI) --
5.2.1.A review of ISEW and GPI studies --
5.2.2. Methodological problems --
5.3. Conclusion --
6.1. Physical indicators --
6.1.1. Ecological footprints: measuring sustainability by land area --
6.1.2. Material flows: measuring sustainability by weight --
6.2. Hybrid indicators --
6.2.1. The starting point: Hueting's pioneering work --
6.2.2. Sustainability gaps --
6.2.3. Greened National Statistical and Modelling Procedures --
6.2.4.'Sustainable national income according to Hueting' --
6.2.5. Critical assessment --
6.3. Conclusion.
Responsibility: Eric Neumayer.

Abstract:

Indicators of weak sustainability such as Genuine Savings and the Index of Sustainable Economic Welfare - also known as the Genuine Progress Indicator - are analysed, as are indicators of strong  Read more...

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