Sustainability Economics

The papers in this volume - many of them classics- portray economic activity, the state of the natural environment, and human wellbeing as being inextricably connected. As a collection, Sustainability Economics does more than establish where the field stands today. It also includes papers that mark the twists and turns that led researchers to this understanding. Atkinson and Fankhauser have curated an essential resource for anyone wanting to understand and to contribute to this literature. -- Scott Barrett, Columbia University, US

Edited by Giles Atkinson, Professor of Environmental Policy, Department of Geography and Environment, London School of Economics and Political Science and Sam Fankhauser, Professor of Climate Change Economics and Policy, University of Oxford, UK

Contents: Acknowledgements Introduction Giles Atkinson and Sam Fankhauser PART I MOTIVATION 1. Kenneth E. Boulding (1966), The Economics of the Coming Spaceship Earth, in Henry Jarrett (ed.), Environmental Quality In a Growing Economy, Chapter One, Baltimore, MD, USA and London, UK: Johns Hopkins Press, 314 2. Herman E. Daly (1974), The Economics of the Steady State, American Economic Review: Papers and Proceedings, 64 (2), May, 1521 3. David Pearce (1976), The Limits of Cost-Benefit Analysis as a Guide to Environmental Policy, Kyklos, 29 (1), January, 97111 4. Gro Harlem Brundtland (1985), World Commission on Environment and Development Statements of the Chairman, Environmental Policy and Law, 14 (1), March, 2630 5. Mick Common and Charles Perrings (1992), Towards an Ecological Economics of Sustainability, Ecological Economics, 6 (1), July, 734 6. Robert U. Ayres (2008), Sustainability Economics: Where Do We Stand?, Ecological Economics, 67 (2), September, 281310 PART II ECONOMIC DEFINITIONS OF SUSTAINABILITY 7. Partha Dasgupta and Geoffrey Heal (1974), The Optimal Depletion of Exhaustible Resources, Review of Economic Studies: Symposium on the Economics of Exhaustible Resources, 41 (5), December, 328 8. R. M. Solow (1974), Intergenerational Equity and Exhaustible Resources, Review of Economic Studies: Symposium on the Economics of Exhaustible Resources, 41 (5), December, 2945 9. John M. Hartwick (1977), Intergenerational Equity and the Investing of Rents from Exhaustible Resources, American Economic Review, 67 (5), December, 97274 10. Robert M. Solow (1986), On the Intergenerational Allocation of Natural Resources, Scandinavian Journal of Economics: Growth and Distribution: Intergenerational Problems, 88 (1), March, 14149 11. John Pezzey (1992), Sustainability: An Interdisciplinary Guide, Environmental Values, 1 (4), Winter, 32162 12. Partha Dasgupta and Karl-Gran Mler (2000), Net National Product, Wealth, and Social Well-Being, Environment and Development Economics, 5 (1), February, 6993 13. Kirk Hamilton and John M. Hartwick (2005), Investing Exhaustible Resource Rents and the Path of Consumption, Canadian Journal of Economics, 38 (2), May, 61521 14. Kirk Hamilton and Cees Withagen (2007), Savings Growth and the Path of Utility, Canadian Journal of Economics, 40 (2), May, 70313 PART III MEASURES OF SUSTAINABLE DEVELOPMENT A. Measures of Sustainability 15. Martin L. Weitzman (1976), On the Welfare Significance of National Product in a Dynamic Economy, Quarterly Journal of Economics, 90 (1), February, 15662 16. John M. Hartwick (1990), Natural Resources, National Accounting and Economic Depreciation, Journal of Public Economics, 43 (3), December, 291304 17. David W. Pearce and Giles D. Atkinson (1993), Capital Theory and the Measurement of Sustainable Development: An Indicator of Weak Sustainability, Ecological Economics, 8 (2), October, 1038 18. Kirk Hamilton and Michael Clemens (1999), Genuine Savings Rates in Developing Countries, World Bank Economic Review, 13 (2), May, 33356 19. Kenneth J. Arrow, Partha Dasgupta, Lawrence H. Goulder, Kevin J. Mumford and Kirsten Oleson (2012), Sustainability and the Measurement of Wealth, Environment and Development Economics, 17 (3), June, 31753 20. Elena G. Irwin, Sathya Gopalakrishnan and Alan Randall (2016), Welfare, Wealth, and Sustainability, Annual Review of Resource Economics, 8, October, 7798 B. Natural Capital 21. Brian Walker, Leonie Pearson, Michael Harris, Karl-Gran Mler, Chuan-Zhong Li, Reinette Biggs and Tim Baynes (2010), Incorporating Resilience in the Assessment of Inclusive Wealth: An Example from South East Australia, Environmental and Resource Economics, 45 (2), February, 183202 22. James Boyd and Spencer Banzhaf