Economists worries about the potencial exhaustion of natural resources and the deterioration of the environment as well as its effects upon present and future generations welfare have led to disputes as for the relevancy of having as the only goal a long run economic growth without parallel...

The present debate on the problem of natural resources exhaustion and contamination levels generated by economic activity has gone beyond the field of economic growth. This work intends to use the Ramsey model (1928), and evaluate the behavior of relevant variables in a society, when they are...