We consider the Hartwick rule for capital accumulation and resource depletion, provide semantic clarifications and investigate whether this rule indicates sustainability and requires substitutability between manmade and natural capital. In addition to shedding light on the meaning of the...

Using a dynamic model with non-renewable natural resources and endogenous knowledge creation, the paper analyses economic development under conditions which are generally considered as most unfavourable. We assume poor substitution between primary input factors, positive population growth and a...

Environmental problems and their local, national, and global solutions have taken on ever-increasing importance in today's world. Economic analysis of environmental problems is essential, but economic perspectives must be complemented with an understanding of the principles of ecological...