Sustainability

 

Definition of sustainable development

Brundtland Commission (1987)

"..development that meets the needs of the present without compromising the ability of future generations to meet their own needs"

 

Weak and Strong Sustainability

Norton (2005)

Weak

based on human welfare measures

all forms of capital are convertable (built, human, financial, natural)

there can be one aggregated index of development

fits with neo-classical economics

Strong

pluralistic definition that counts "stuff" and "welfare"

some forms of capital, such as natural capital, are a specially protected class of assets

 

 

 

 

Brundtland Commission. (1987) Our Common Future. World Commission on the Environment and Development.

Norton, B. G. (2005). Sustainability: A philosophy of adaptive ecosystem management. Chicago, University of Chicago Press.