Economic sustainability isn’t only about economic growth – its about considering economic growth while maintaining and improving the quality of life and environment.
With the recent turmoil in the financial markets, economic sustainability has seldom so preoccupied the minds of economists and governments. We need to make economic plans for the future which incorporate sustainability. To deal with economics in isolation is to avoid the issues of sustainability, an issue which ic certain impinge on economics in the future.
We look at some of the most influential economic experts on sustainability with professional experience and peer recognition in the field. We can follow the advice and example given to work towards sustainability.
Sustainability has become a key issue in economics, so much so that the Index of Sustainable Economic Welfare has been developed with the intention of replacing the Gross Domestic Product. Rather than simply adding expenditures, Sustainable Economic Welfare is balanced by such factors as income distribution and costs associated with pollution and other unsustainable costs – bringing sustainability to the forefront of economics.
