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    Building a Sustainable and Desirable Economy-in-Society-in-Nature

    Report to the United Nations for the 2012 Rio+20 Conference

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    Author(s)
    Costanza, Robert
    Alperovitz, Gar
    Daly, Herman
    Farley, Joshua
    Franco, Carol
    Jackson, Tim
    Kubiszewski, Ida
    Schor, Juliet
    Victor, Peter
    Language
    English
    Show full item record
    Abstract
    The world has changed dramatically. We no longer live in a world relatively empty of humans and their artifacts. We now live in the “Anthropocene,” era in a full world where humans are dramatically altering our ecological life-support system. Our traditional economic concepts and models were developed in an empty world. If we are to create sustainable prosperity, if we seek “improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities,” we are going to need a new vision of the economy and its relationship to the rest of the world that is better adapted to the new conditions we face. We are going to need an economics that respects planetary boundaries, that recognizes the dependence of human well-being on social relations and fairness, and that recognizes that the ultimate goal is real, sustainable human well-being, not merely growth of material consumption. This new economics recognizes that the economy is embedded in a society and culture that are themselves embedded in an ecological life-support system, and that the economy cannot grow forever on this finite planet. In this report, we discuss the need to focus more directly on the goal of sustainable human well-being rather than merely GDP growth. This includes protecting and restoring nature, achieving social and intergenerational fairness (including poverty alleviation), stabilizing population, and recognizing the significant nonmarket contributions to human well-being from natural and social capital. To do this, we need to develop better measures of progress that go well beyond GDP and begin to measure human well-being and its sustainability more directly.
    URI
    http://library.oapen.org/handle/20.500.12657/33515
    Keywords
    environmental policy; economic development--environmental aspects; Ecosystem; Ecosystem services; Gross domestic product; Natural capital; Quality of life; Social capital; Well-being
    DOI
    10.26530/OAPEN_462196
    ISBN
    9781921862052
    OCN
    1030815851
    Publisher
    ANU Press
    Publisher website
    https://press.anu.edu.au/
    Publication date and place
    Canberra, 2013
    Classification
    Sustainability
    Alternative and renewable energy sources and technology
    Public remark
    Relevant Wikipedia pages: Ecosystem - https://en.wikipedia.org/wiki/Ecosystem; Ecosystem services - https://en.wikipedia.org/wiki/Ecosystem_services; Gross domestic product - https://en.wikipedia.org/wiki/Gross_domestic_product; Natural capital - https://en.wikipedia.org/wiki/Natural_capital; Quality of life - https://en.wikipedia.org/wiki/Quality_of_life; Social capital - https://en.wikipedia.org/wiki/Social_capital; Well-being - https://en.wikipedia.org/wiki/Well-being
    Rights
    http://press.anu.edu.au/about/conditions-use
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    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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