Economic theory predicts that the current change in national wealth, broadly defined to include natural and human capital as well as produced capital ("genuine savings"), determines whether the present value of future changes in consumption is positive or negative. Theoretical research has...

Economic theory predicts that the current change in national wealth, broadly defined to include natural and human capital as well as produced capital ("genuine savings"), determines whether the present value of future changes in consumption is positive or negative. Theoretical research has...

Augmented measures of savings and wealth in the national accounts are critical to conceptualizing and achieving sustainable development. After developing the theory of genuine savings-traditional net savings less the value of resource depletion and environmental degradation plus the value of...