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This new model of development would be based clearly on the goal of sustainable human well-being. It would use measures of progress that clearly ackn… - Robert Costanza
" "This new model of development would be based clearly on the goal of sustainable human well-being. It would use measures of progress that clearly acknowledge this goal. It would acknowledge the importance of ecological sustainability, social fairness, and real economic efficiency. Ecological sustainability implies recognizing that natural and social capital are not infinitely substitutable for built and human capital, and that real biophysical limits exist to the expansion of the market economy.
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About Robert Costanza
(born September 14, 1950) is a leading ecological economist and Professor of Public Policy at the Crawford School of Public Policy at The Australian National University.
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Additional quotes by Robert Costanza
Standard economists don't seem to understand exponential growth. Ecological economics recognizes that the economy, like any other subsystem on the planet, cannot grow forever. And if you think of an organism as an analogy, organisms grow for a period and then they stop growing. They can still continue to improve and develop, but without physically growing, because if organisms did that you’d end up with nine-billion-ton hamsters. There is a great video on this.
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