An arrow in the Achilles’ heel of sustainability and wealth accounting

Research output: Contribution to journalArticleScientificpeer-review

Abstract

How sustainable is the growth pattern of a national economy? At first, answering this question seems almost impossible, since this would require knowing what happens and what can happen in the future. One needs to assess whether the investments we make today will be sufficient to provide future generations with the means to cope with imminent disasters like the exhaustion of minerals and vital resources, or other problems like increasing population pressure and climate change. One also needs to assess which combination of investment leads to the desired result. If entrepreneurs, managers and households already have problems in finding out what is the best mix of investment for them in their micro-environment, how can we answer the aggregate question that needs so much more information?
Original languageEnglish
Pages (from-to)368-372
JournalEnvironment and Development Economics
Volume17
Issue number3
Publication statusPublished - 2012

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sustainability
population pressure
national economy
entrepreneur
disaster
climate change
manager
mineral
resource
resources
accounting
Wealth
Sustainability
need
household
Exhaustion
Question answering
Minerals
Entrepreneurs
Resources

Cite this

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An arrow in the Achilles’ heel of sustainability and wealth accounting. / Smulders, Sjak A.

In: Environment and Development Economics, Vol. 17, No. 3, 2012, p. 368-372.

Research output: Contribution to journalArticleScientificpeer-review

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