Sefton, James A. (contributor); Weale, Martin (contributor) - 2000 - [Elektronische Ressource]
sustainability; it is the maximum sustainable level of consumption if
consumption choices could be changed without changing … consumption level otherwise it simply an upper bound. One could argue
that Real Income is a better measure of sustainability, but … a measure of the sustainability of
welfare rather than consumption.
3.1.3 Income as a Hamiltonian
Finally we discuss a …