Globalization has been accompanied by disintegration of local communities and loss of sense of community. These changes have entailed considerable socio‐economic cost. Kant’s moral imperative raises questions about communal values. Points out that due to dynamic changes, governance and...

Reviews the discount rate controversy, and examines sustainability theory and optimal growth theory, tracing the rise in prominence of the former and the decline of the latter. Presents the rule‐of‐thumb interpretation of sustainability criteria, and proposes a utilitarian approach,...

Despite its now widespread use, the concept of sustainability remains ambiguous. Its varying definitions carry the marks of the disciplines defining it. Sustainability as defined in economics is commonly conceptualized as economic development constrained by considerations of environmental...

Reports that while overconsumption of the world’s natural resources is a problem in developed nations, it is population growth and biological resource depletion that are the bane of developing nations. Uses India as an example for discussing biodiversity, natural resource issues and ecosystem...

Higher economic growth is necessary to reduce the level of poverty and improve the living standard of population. But higher economic growth requires greater use of natural resources and environment which in turn leads to their degradation and eventual decay. Increased population pressure on...

Economists have generally framed the question of welfare in terms of wealth creation and distribution. More recently this conception of welfare has been challenged by concerns for the unsustainability of expanding material wealth. Sustainability thus requires the expansions of welfare...

The paper aims to identify the form and significance of the influence of Buddhism upon the nature of past and future national economic change. It is divided to address two major tasks. The first section analyses the world view and behavioural prescriptions of Buddhism and examines their...

The possibilities for good governance depends on institutional structures and the economic resources available for ensuring governance. In some cases centralised governance structures are inefficient. In other cases, decentralised structures turn out to be inadequate. In India decentralisation...

Resource use policy based on standard (neoclassical) economic theory is driven by the assumption that “getting the prices right” is the key to sustainable resource use. Although most neo‐classical economists now agree that market prices may substantially undervalue biological features, the...

The Jingpo ethnic minority is located almost entirely in Dehong Prefecture in the west of Yunnan. This prefecture borders Myanmar, shares a number of natural characteristics with it, and is dissected by rivers which form the upper reaches of the Irrawaddy River. Its climate is influenced by...