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| Author: | Lawn, P. A. |
| Title: | A theoretical foundation to support the Index of Sustainable Economic Welfare (ISEW), Genuine Progress Indicator (GPI), and other related indexes |
| Journal: | Ecological Economics
2003 : FEB, VOL. 44:1, p. 105-118 |
| Index terms: | WELFARE INCOMES CAPITAL INDEXING |
| Language: | eng |
| Abstract: | For some time now, ecological economists have been putting forward a 'threshold hypothesis'-the notion that when macroeconomic systems expand beyond a certain size, the additional cost of growth exceeds the flow of additional benefits. In order to support their belief, ecological economists have developed a number of similar indexes to measure and compare the benefits and costs of growth. In virtually every instance where an index of this type has been calculated for a particular country, the movement of the index appears to reinforce the existence of the threshold hypothesis. Of late, a number of observers have cast doubt over the validity of these alternative indexes. |
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