Skip to main content

The Elusive Concept of Sustainability

  • Chapter
Investing for Sustainability
  • 103 Accesses

Abstract

A tale is told of a poor farmer in Ireland who lived more than two hundred years ago. There were those who were less lucky than he. His land contained peat, a valuable fuel at the time. Even if the phrase had not yet been coined, he was concerned about what we now call sustainable development. He realized that the peat underneath his land would not last for ever, but he was not just concerned about himself, his wife and his children; he was also concerned about his grandchildren, his children’s grandchildren, and so on; in short he was concerned that each generation would get its fair share of the wealth in the family’s land. He figured out how much peat there was likely to be underneath each square yard of land, and how much each generation would need to make, well, not such a terribly great living but in any case one on the happy side of subsistence. He divided his land into squares for each generation and put down stones in the corners to mark them off. He made a vow not to take more than his share and to maintain the stone markings well visible and, when the time was ripe, persuaded his oldest son to make a similar pledge.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 2001 Springer Science+Business Media New York

About this chapter

Cite this chapter

Hannesson, R. (2001). The Elusive Concept of Sustainability. In: Investing for Sustainability. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1687-3_1

Download citation

  • DOI: https://doi.org/10.1007/978-1-4615-1687-3_1

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5678-3

  • Online ISBN: 978-1-4615-1687-3

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics