Abstract
The issue of “sustainability” figures in contemporary papers that study the interactions between environmental resources and economic development. The success of the concept of sustainable development lies in its ability to play an important heuristic role, inviting a synthesis between the exigences of continuing economic development and the need of preserving the natural environment, and suggesting a possible compromise between points of view of economists and those of environmentalists. Such a concept evokes the limits of “Economics without Ecology” and of “Ecology without Economics”. Unfortunately there is still no agreement on the precise meaning of sustainable development which is interpreted differently among economists.
We acknowledge R. Sugden and M. O’Connor for their insightful comments on earlier versions of this paper. Needless to say, they are not to blame for any remaining flaws.
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Froger, G., Zyla, E. (1998). Towards a Decision-Making Framework to Address Sustainable Development Issues. 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_17
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