A Note on Contemplating Sustainable Functions in New Economics : What Have We Learned so Far About Sustainability?

This paper is a comprehensive review about the concept of sustainability in modern economics. I review the roots for the introduction of the concept, the milestone of new economics and what transformation this has spurred and contributed in modern economics, on the top of that being the requirement for a definition of a sustainable proxy for one of the most used and researched economic concepts, the GDP, as the measure of wealth and wellbeing. The review concludes with important insights into sustainable development that is required in all current views of economic growth and development