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| Author: | Rennings, K. Wiggering, H. |
| Title: | Steps towards indicators of sustainable development: linking economic and ecological concepts |
| Journal: | Ecological Economics
1997 : JAN, VOL. 20:1, p. 25-36 |
| Index terms: | ECOLOGY ECONOMICS DEVELOPMENT |
| Language: | eng |
| Abstract: | Conceptions of defining and measuring sustainable development can broadly be placed in two categories: weak and strong sustainability. The concept of weak sustainability is based on neo-classical economic theory and assumes that manufactured and natural capital are close substitutes. This means that costs of environmental deterioration (e.g., forest damage) can be compensated by benefits from manufactured capital. Thus, environmental damages are valued in monetary units. |
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