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...

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...

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...

The transition to sustainability requires not only an understanding of the risks that society is facing but the development of pathways that will enable the shift towards sustainability. Such risks include not only resources and global warming but also established economic models and social...

Mineral extraction is related to complex sustainable-development issues that are subject to international and local controversies. Debates and decisions need to be based on objective and comparative elements. Defining strong indicators for assessing impacts and performances of mining sites thus...

Energy security, economic development and averting global warming are conflicting objectives in a fossil fuel economy. In the long run, sustainable development requires a shift to renewable energy sources. In the short run it requires swift action (IPCC) and different strategies. The article...

This paper summarises some of the challenges to science that are posed by the search for sustainability. These challenges are not only technical ones, such as more affordable or reliable equipment for health care, water quality control and refrigeration. There are also fundamental empirical and...

The harnessing of science and technology as forces for sustainable development depends on processes that will ensure the involvement of all appropriate scientific input and expertise in problem identification and response. Scientific excellence and integrity need to be combined with a close...

This chapter focuses on how the lack of property rights in North-South trade of primary resources can distort trade and threaten the sustainablility of development. This issue is examined within a two-region world economy where one region, the North, represents the industrial countries, and the...