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Wealth, welfare and sustainability: advances in measuring sustainable development

Hamilton, Kirk and Atkinson, Giles (2006) Wealth, welfare and sustainability: advances in measuring sustainable development. Edward Elgar, Cheltenham, UK. ISBN 9781843765769

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Abstract

This important book presents fresh thinking and new results on the measurement of sustainable development. Economic theory suggests that there should be a link between future wellbeing and current wealth. This book explores this linkage under a variety of headings: population growth, technological change, deforestation and natural resource trade. While the relevant theory is presented briefly, the chief emphasis is on empirical measurement of the change in real wealth: this measure of net or ‘genuine’ saving is a key indicator of sustainable development. The methodological and empirical work is bolstered by tests of the predictive power of genuine saving in explaining future consumption and economic growth. Just as importantly, the authors show that many resource-abundant countries would be considerably wealthier today had they managed to save and invest the profits from natural resource exploitation in the past. Wealth, Welfare and Sustainability will be of great interest to environmental and resource economists, specialists in ‘sustainability’ indicators from other disciplines and also development and growth economists.

Item Type: Book
Official URL: http://www.e-elgar.co.uk/
Additional Information: © 2006 The Authors
Library of Congress subject classification: G Geography. Anthropology. Recreation > GE Environmental Sciences
Sets: Departments > Geography and Environment
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 02 Feb 2011 16:09
URL: http://eprints.lse.ac.uk/32036/

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