Markandya, Anil; Pedroso-Galinato, Suzette - In: Environmental & Resource Economics 37 (2007) 1, pp. 297-312
One of the recurring themes in the sustainability literature has been the extent to which a loss of natural capital can be made up for in welfare terms by an increase in other forms of capital. This issue was raised early on in the debate on sustainability by Pearce and has never really been...