Operating within the framework of conventional welfare economics, the sustainability debate has become mired in sterile discussions about the "proper" discount rate and the "true" degree of substitutability between various forms of economic capital. This paper suggests abandoning the...

Operating within the framework of conventional welfare economics, the sustainability debate has become mired in sterile discussions about the "proper" discount rate and the "true" degree of substitutability between various forms of economic capital. This paper suggests abandoning the...

In this paper, we examine the policies of the World Trade Organisation (WTO) as an example of the conflict in neoclassical theory between consumer sovereignty and efficiency in production. We begin by going to the roots of neoclassical theory, namely the axioms of consumer choice and the notion...

In this paper, we examine the policies of the World Trade Organisation (WTO) as an example of the conflict in neoclassical theory between consumer sovereignty and efficiency in production. We begin by going to the roots of neoclassical theory, namely the axioms of consumer choice and the notion...