Sustainability as Opportunity

This paper explores the relationship between sustainability concepts and contractarian principles of distributional fairness. A commitment to equality of opportunity between contemporaries entails that life opportunities should be nondiminishing from generation to generation. Defining sustainability as nondeclining utility is analytically suggestive but practically problematic given the uncertainties that surround future preferences and technologies. Life opportunities may be sustained, however, by providing future generations with specific endowments of reproduced capital, technological capacity, natural resources, and environmental quality. In this setting, capital-resource substitutions are defensible only if there is compelling evidence that they would benefit both present and future generations.

[1]  Daniel W. Bromley,et al.  Searching for sustainability: The poverty of spontaneous order 1 Paper presented to the Fourth Bienn , 1998 .

[2]  K. A. Brekke Economic Growth and the Environment: On the Measurement of Income and Welfare , 1997 .

[3]  D. Jamieson,et al.  Counting the Cost of Global Warming. , 1996 .

[4]  C. Barrett Fairness, Stewardship, and Sustainable Development , 1995 .

[5]  Bryan G. Norton,et al.  Evaluating ecosystem states: Two competing paradigms , 1995 .

[6]  Wilfred Beckerman,et al.  'Sustainable Development': Is it a Useful Concept? , 1994 .

[7]  Geir B. Asheim,et al.  Net National Product as an Indicator of Sustainability , 1994 .

[8]  L. H. Craig Justice between Age Groups and Generations Peter Laslett and James S. Fishkin, eds. New Haven: Yale University Press, 1992, pp. viii, 243 , 1993, Canadian Journal of Political Science.

[9]  W. Viscusi Fatal Tradeoffs: Public and Private Responsibilities for Risk , 1992 .

[10]  J. Proops,et al.  Humankind and the Environment: An Anatomy of Surprise and Ignorance , 1992, Environmental Values.

[11]  R. Howarth Intergenerational Justice and the Chain of Obligation , 1992 .

[12]  S. Lele Sustainable development: A critical review , 1991 .

[13]  D. Bromley Entitlements, missing markets, and environmental uncertainty: Reply , 1991 .

[14]  K. Mäler,et al.  National accounts and environmental resources , 1991, Environmental and Resource Economics.

[15]  Jerome R. Ravetz,et al.  Uncertainty and Quality in Science for Policy , 1990 .

[16]  R. Repetto,et al.  Wasting Assets: Natural Resources in the National Income Accounts , 1989 .

[17]  Amartya Sen,et al.  On Ethics and Economics , 1988 .

[18]  T. Page Intergenerational Justice as Opportunity , 1982 .

[19]  P. Dasgupta,et al.  Economic Theory and Exhaustible Resources , 1980 .

[20]  Avinash Dixit,et al.  On Hartwick's Rule for Regular Maximin Paths of Capital Accumulation and Resource Depletion , 1980 .

[21]  Richard C. Bishop,et al.  Endangered Species and Uncertainty: The Economics of a Safe Minimum Standard , 1978 .

[22]  Robert M. May,et al.  Simple mathematical models with very complicated dynamics , 1976, Nature.

[23]  John V. Krutilla,et al.  The Economics of Natural Environments , 1975 .

[24]  J. Passmore,et al.  Man's responsibility for nature , 1974 .

[25]  R. Solow,et al.  Intergenerational Equity and Exhaustable Resources , 1973 .

[26]  L. J. Savage,et al.  The Foundations of Statistics , 1955 .

[27]  Edward H. Graham,et al.  Resource Conservation: Economics and Policies , 1953 .

[28]  H. Hotelling The economics of exhaustible resources , 1931, Journal of Political Economy.

[29]  Mohan Munasinghe,et al.  Measuring sustainable development , 1997 .

[30]  K. A. Brekke Hicksian Income from Resource Extraction in an Open Economy , 1997 .

[31]  Richard B. Howarth,et al.  Sustainability under Uncertainty: A Deontological Approach , 1995 .

[32]  P. Dasgupta Poverty, Institutions, and the Environmental-Resource Base , 1994 .

[33]  Mark Sagoff,et al.  Should Preferences Count , 1994 .

[34]  R. Turner Sustainable environmental economics and management : principles and practice , 1993 .

[35]  K. A. Brekke,et al.  Sustainability when Resource Management has Stochastic Consequences , 1993 .

[36]  D. Meadows,et al.  Beyond the Limits , 1992 .

[37]  John E. Roemer,et al.  Interpersonal Comparisons of Well-Being , 1991 .

[38]  John C. V. Pezzey,et al.  Economic analysis of sustainable growth and sustainable development , 1989 .

[39]  G. Brundtland,et al.  Our common future , 1987 .

[40]  S. Fischer,et al.  Lectures on Macroeconomics , 1972 .

[41]  F. Knight The economic nature of the firm: From Risk, Uncertainty, and Profit , 2009 .