Sustainable freedom of choice : a new concept

  • The value concept of traditional resource economics is welfare. Therefore, sustainability of welfare is often taken to characterise our obligations to future generations. This paper argues that this view is inappropriate because it leaves no room for future generations autonomy. Future generations should be free to make their own decisions. Consequently freedom of choice is the appropriate value concept on which resource economics should be based. The concept of sustainability receives a new interpretation. Sustainability is a principle of intertemporal distributive justice which requires equitable opportunities across generations.

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Author:Hans-Peter Weikard
Series (Serial Number):Finanzwissenschaftliche Diskussionsbeiträge (Bd. 11)
Document Type:Book
Year of Completion:1996
Publishing Institution:Universität Potsdam
Release Date:2006/09/12
Source:Finanzwissenschaftliche Diskussionsbeiträge ; 11 / Lehrstuhl für Finanzwissenschaft, Wirtschafts- und Sozialwissenschaftliche Fakultät der Universität Potsdam
RVK - Regensburg Classification:QL 000
Organizational units:Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft