Tag Archives: sustainability

Improving on GDP

The winning entries for the Indigo Prize highlight both the importance of improving economic statistics and some of the challenges of doing so. The launch of the Indigo Prize by LetterOne is a welcome initiative which recognises both the limitations … Continue reading

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A Difficulty in Assessing Sustainability

Long-term forecasting of the aggregate production function is essential for assessing sustainability, but very difficult. Is our current living standard sustainable?  Or does depletion of non-renewable natural resources such as fossil fuels and metal ores mean that it must eventually … Continue reading

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Net National Product and Sustainability

National product, measured net of a deduction for depletion of natural resources, can in certain conditions provide some indication of whether current consumption is sustainable.  But the conditions are stringent, and even when they are met, other indicators may perform … Continue reading

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Managing Natural Capital

A critical analysis of Dieter Helm’s ‘Natural Capital: Valuing the Planet’. Contents Introduction The Asset-Based Approach The Importance of Natural Capital Valuing Natural Capital Natural Goods – and Bads Sustainability and Renewable Natural Capital Sustainability and Non-Renewable Natural Capital National … Continue reading

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