Sustainability and the measurement of wealth: further reflections

被引:40
作者
Arrow, Kenneth J. [1 ]
Dasgupta, Partha [2 ,3 ]
Goulder, Lawrence H. [1 ]
Mumford, Kevin J. [4 ]
Oleson, Kirsten [5 ]
机构
[1] Stanford Univ, Dept Econ, Stanford, CA 94305 USA
[2] Univ Cambridge, Fac Econ, Cambridge CB2 1TN, England
[3] Univ Manchester, Sustainable Consumpt Inst, Manchester M13 9PL, Lancs, England
[4] Purdue Univ, Dept Econ, W Lafayette, IN 47907 USA
[5] Univ Hawaii, Dept Nat Resources & Environm Management, Honolulu, HI 96822 USA
关键词
DEVELOPING-COUNTRIES; SERVICES; ARROW;
D O I
10.1017/S1355770X13000193
中图分类号
F [经济];
学科分类号
020101 [政治经济学];
摘要
The June 2012 issue of Environment and Development Economics published a symposium with considerable focus on our paper, 'Sustainability and the measurement of wealth'. The Symposium also contained five articles in which other researchers offered valuable comments on our paper. The present note replies to those comments. It clarifies important issues and reveals how important questions relating to sustainability analysis can be fruitfully addressed within our framework. These include questions about the treatment of time, the use of shadow prices and the treatment of transnational externalities. This note also offers new theoretical results that help substantiate our earlier empirical finding that the value of human health is something very different from the value of the consumption permitted by health and survival.
引用
收藏
页码:504 / 516
页数:13
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