Sustainability economics, ontology and the capability approach

Sustainability economics, ontology and the capability approach

Economics, entropy and sustainability

Neoclassical economics has only recently considered the problem of sustainability—how to provide for the well-being of future generations given ecological constraints. In general, the neoclassical economist perceives physical and ecological constraints on economy-environment interactions as inconveniences that will inevitably be overcome by substitution—the discovery of new economic resources o...

Should the capability approach be applied in health economics?

This editorial questions the implications of the capability approach for health economics. Two specific issues are considered: the evaluative space of capablities (as opposed to health or utility) and the decision-making principle of maximisation. The paper argues that the capability approach can provide a richer evaluative space enabling improved evaluation of many interventions. It also argue...

A quest for the economics of sustainability and the sustainability of economics

This paper briefly reviews key insights from natural resource and environmental economics, ecological economics and industrial ecology in an effort to identify the major contributions of these fields to the understanding and promotion of sustainable development. Each is based on overlapping worldviews, methods and tools. Their synthesis and extension– subsumed under the rubric of dNatural Econo...

On the economics of sustainability