Important: The POPLINE website will retire on September 1, 2019. Click here to read about the transition.

Your search found 1 Results

  1. 1
    072690

    Sustainable development: from concept and theory to operational principles.

    Daly HE

    In: Resources, environment, and population: present knowledge, future options, edited by Kingsley Davis and Mikhail S. Bernstam. New York, New York/Oxford, England, Oxford University Press, 1991. 25-43. (Population and Development Review. Vol. 16. Supplement)

    Sustainable development is a relatively new economic term in the common vocabulary. Above all it is important to realize the critical difference between growth and development. In the past growth has been viewed as the ideal and as such all our economic measuring systems are based upon it. However, measuring the circular flow of exchange value makes it impossible to take into account the effect upon the environment that growth has. This old method was suitable in the past because of a misperception that growth is unlimited. A better way of measuring economics is to examine the entropic throughout of matter/energy. This system of measurement is consistent with the 1st and 2nd laws of thermodynamics and consistent with the fact that we live in a finte world with finite resources. Thus, the old system only measures the scale but not the allocation of resources and per capita consumption. While the independence of allocation from distribution is widely known, the independence of allocation from scale is not. No matter how large the population or per capita consumption rate, an optimal allocation will be found for every scale. Yet measuring scale is of critical importance. If a ship is overloaded, it does not matter how evenly distributed the load is, it will sink. Some method must be devised and implemented which will keep economic scale within the limits of ecological carrying capacity. Achieving sustainable development will require some rethinking and a change of priority. Thus, qualitative improvement could be labeled development, and quantitative improvements could be labeled growth. Thus a steady state economy could continue to develop without growing. This is how planet Earth operates and economics is just another open system that must be allowed to develop without growing.
    Add to my documents.