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Inclusive wealth: a tool for the United Nations

  • Anantha Kumar Duraiappah (a1) and Pablo Muñoz (a2)

Extract

The world's leaders, business leaders and the public at large are beginning to question, amidst the multiple social, environmental and economic crises, whether our present trajectory of economic growth is sustainable. We seem to force ourselves to believe that we can grow ourselves out of the multiple crises we face today. The notion of sustainable development and the call for going beyond just material wealth to gauge our wellbeing has long featured in much of the sustainable development, environmental and ecological economics literature. We are afraid the present preoccupation with the green economy will not provide the change we are looking for if we don't address the fundamental problem of what we are aiming to achieve and how we measure our progress towards achieving those goals. We fall into the trap many international agencies have made over the past six decades, where the means become the ends and the ends become an academic exercise (Chang, 2001).

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References

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Chang, H.-J. (ed.) (2001), Joseph Stiglitz and the World Bank: The Rebel Within, London: Anthem Press.
Dasgupta, P. (2009), ‘The welfare economics of green national accounts‘, Environmental and Resource Economics 42(1): 338.
Dietz, S. and Neumayer, E. (2007), ‘Weak and strong sustainability in the SEEA: concepts and measurement’, Ecological Economics 61(4): 617626.
Duraiappah, A.K. (2003), Computational Models in the Economics of Environment and Development, Amsterdam: Kluwer Academic Publishers.
Duraiappah, A.K., Nakamura, K., Takeuchi, K., Watanabe, M., and Nishi, M. (2012), Satoyama-Satoumi Ecosystems and Human Well-being: Socio-ecological Production Landscapes of Japan, Tokyo: United Nations University Press.
Easterlin, R.A. (1995), ‘Will raising the incomes of all increase the happiness of all?’, Journal of Economic Behavior & Organization 27: 3547.
Millennium Ecosystem Assessment (MEA) (2005), Ecosystems and Human Well-Being: Current State and Trends: Findings of the Condition and Trends Working Group, Washington, DC: Island Press.
World Commission on Environment and Development (1987), Our Common Future, New York: Oxford University Press.

Inclusive wealth: a tool for the United Nations

  • Anantha Kumar Duraiappah (a1) and Pablo Muñoz (a2)

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