Abstract
Green net national product was thought to be one way of measuring sustainable income. However, David Pearce understood that a better measure of sustainable development was to look at what a generation is leaving in form of capital assets to later generations. In this article, his arguments and insights are highlighted against recent theoretical advances.
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Mäler, KG. Wealth and sustainable development: the role of David Pearce. Environ Resource Econ 37, 63–75 (2007). https://doi.org/10.1007/s10640-007-9111-x
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DOI: https://doi.org/10.1007/s10640-007-9111-x