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Sustainability, more recently referred to as ‘sustainable development', came from the idea of integrating economic development and environmental protection. The concept is based on the recognition that the earth's resources are finite and through a better understanding of the global environment, steps should be taken to halt and reverse the negative impacts of human development." Development that improves the quality of life, both now and in the future, in a way that maintains the ecological processes on which life depends" It requires at least four broad objectives of ecological, social, cultural and economic sustainability.
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Case for Improving upon the Market System Unlike the "optimistic followers" of the "classical school" who believed that markets would "natural!yn or "automatically" prod
Q. What can we do then while aiming at the public policy? From the above, one task emerges immediately, that is of quantifying all economic and non economic effects of a certa
Jack and Jill live alone on an island. Their labour supply schedules are identical and given by L = (1 - t)w, where t is the income tax rate and w denotes the wage. Jill's wage i
What are the properties and limitations of GDP as a social welfare function?
How burden of public debt is transferred to future generations through reduced capital formation?
Types of production function
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