The paper proposes two axioms that capture the idea of sustainable development and derives the welfare criterion that they imply. The axioms require that neither the present nor the future should play a dictatorial role. Theorem 1 shows there exist sustainable preferences, which satisfy these...

Alors qu’il ne reste plus qu’une année avant la date d’échéance de la réalisation des Objectifs du Millénaire pour le développement, l’Indice de la faim dans le monde 2014 (GHI) offre une analyse multidimensionnelle de la faim et présente de nouvelles données permettant...

The goal of this paper is to provide a definition of the concept of sustainability with the level of rigor and clarity of neoclassical theory, based on two axioms that ensure equal treatment of the present and the future introduced by the author. We discuss applications to markets, business...

The climate change issue is a policy concern that falls within the broader issue of sustainable development. Sustainable development means different things to different people. Green economists argue that sustainable development involves the adequate provisioning for people everywhere, of other...

This article provides two axioms that capture the idea of sustainable development, and characterises the welfare criterion that they imply. It presents a formal theory of sustainable development, created by the author (Chichilnisky, 1996a, 1997). The axioms require that neither the present nor...