Reframing economic policy towards sustainability Online publication date: Sat, 09-May-2015
by Peter McManners
International Journal of Green Economics (IJGE), Vol. 8, No. 3/4, 2014
Abstract: Over the last quarter century, since the Brundtland Commission proposed their definition of 'sustainable development', the dialogue about sustainability has failed to reduce the threat that human activities pose to the global ecosystem. The time has come to question deep-rooted assumptions, including the role of economics. In this paper, priorities are re-examined and principles developed to be able to build a sustainable economy. It is argued that sustainability economics is subservient to society's higher objectives and is about control and balance, rather than laissez-faire free markets. A new definition and conceptual model for sustainability is proposed that is closer to reality than the traditional models having cornerstones of 'culture', 'land', 'population' and 'energy'. Using this model allows economic policy to be repositioned in support of the needs of society and compliant with effective stewardship of the ecosystem to deliver a resilient economy operating within planetary limits.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
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 Green Economics (IJGE):
Login with your Inderscience username and 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
Our Blog 
Follow us on Twitter 
Visit us on Facebook