Abstract
Economists have made substantial progress both in offering a coherent definition of sustainable development (Solow, 1986, 1992; Pezzey, 1989; Pearce et al., 1994) and its measurement (Pearce and Atkinson, 1993; World Bank, 1997). These studies define sustainable development in terms of some indicator of sustained human wellbeing, and then establish conditions for the achievement of that sustained wellbeing in terms of capital stocks. van den Bergh (1996) provides an overview of various approaches to sustainable development.
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Pearce, D., Atkinson, G., Hamilton, K. (1998). The measurement of sustainable development. In: van den Bergh, J.C.J.M., Hofkes, M.W. (eds) Theory and Implementation of Economic Models for Sustainable Development. Economy & Environment, vol 15. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-3511-7_9
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DOI: https://doi.org/10.1007/978-94-017-3511-7_9
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