Abstract
Academic and policy debate about the conceptual and operational meaning of “sustainability” has flourished since the World Commission on Environment and Development (1987) report, Our Common Future. Much of this debate has focused on the theoretical significance of future economic values, especially nonuse values for natural resource and environmental goods, in aggregate social decision rules (e.g. Pearce et al., 1990; Van Pelt, 1993; Toman, 1994). Relatively little attention, however, has been given to empirical measurement of total economic values that encompass nonuse values. This is a serious shortcoming since any efforts to implement sustainable policies must incorporate some explicit or implicit value for future resource availability (Toman, 1994).
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Milon, J.W. (1998). Sustainability Concepts and Total Economic Valuation. In: Faucheux, S., O’Connor, M., van der Straaten, J. (eds) Sustainable Development: Concepts, Rationalities and Strategies. Economy & Environment, vol 13. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-3188-1_10
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DOI: https://doi.org/10.1007/978-94-017-3188-1_10
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