the exploitation of nonrenewable resources (Section 3). Section 4 presents an interpretation of sustainability that can be … discuss policy implications. The paper is structured as follows. After a definition of the concepts of "resources" and … "sustainability" in Section 2, economic theory is reviewed with regard to the capacity of markets to generate optimal time paths for …

The aim of this report is to demonstrate the need to reduce the consumption of natural resources (environmental impacts …) in the economy and provide the initial impetus for a new policy to keep the use of natural resources within sustainable … limits. (By ‘natural resources’ we mean the global reserves of natural resources and raw materials by used human beings …