In search of sustainable values
by Ernest Partridge
International Journal of Sustainable Development (IJSD), Vol. 6, No. 1, 2003

Abstract: Fundamental to policies of sustainable development is the assumption that values will not depreciate through time. This assumption is inconsistent with the economic approach to policy-making. Economic analysis, by interpreting social values in terms of money, necessarily discounts values in the future. Accordingly, if the interests of future generations are to be served, moral and economic values must be shown to be essentially incommensurable, and moral values must predominate in policy analyses. The distinction between economic and moral values is enumerated with twelve contrasting characteristics, five of which are given careful elaboration: a) ''economic man'' (a utility maximiser) vs. the moral agent (rule-oriented evaluator); b) the marketplace vs. the community; c) ecocentric vs. ''spectator'' point of view; d) non-moral values vs. moral values; and e) time preference (discounting) vs. time neutrality.

Online publication date: Mon, 10-May-2004

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Sustainable Development (IJSD):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com