Sustainability
Slides [link]Lecture 1
Sustainability
Required
- KO Chapter 11
Response questions
- According to KO, what is missing from GDP/ GNP? Why do we need “green” accounting?
Additional material:
- (strongly encouraged) “Reflections—Defining and Measuring Sustainability,” Geoff Heal REEP (2012)
- This American Life (podcast) “No Island is an Island”
- Solow (1992)
Key Points
- Economic concept of sustainability
- What is and isn't captured in GDP
- Hartwick Rule
- Alternative measures across countries