Daly and Cobb (1989, pp. 401 et seq) have devised an index of
sustainable economic welfare (ISEW) as a measure of the well - being of humans and the environment.
With this addition, the decline in
sustainable economic welfare turns out to be considerable.
Similarly, as aquifers are exhausted, their value should be subtracted from
sustainable economic welfare.
Nevertheless, I am confident that our figures are much more indicative of actual change in
sustainable economic welfare than is GDP.
I worked with others to develop an index of
sustainable economic welfare (ISEW).
To adopt policies designed to increase GNP more rapidly while further lowering
the sustainable economic welfare of the nation is foolish.
But we have no doubt that in the United States
sustainable economic welfare is declining while the Gross National Product rises.
Not exact matches
In order to show that increasing total production does not improve human
welfare, we have developed an Index of
Sustainable Economic Welfare (ISEW) for the United States.
If we draw a broader picture of what is important to human beings, the leveling off of
sustainable welfare in
economic terms would be replaced by a definite decline in overall human terms.
But the most important questions in framing a measure of
economic welfare have to do with what contributes to
sustainable well - being.
In order to appreciate the full force of these results, it is helpful to understand that the Index of
Sustainable Economic Welfare accepts the most basic assumption underlying the work of Nordhaus and Tobin and all others who have devised measures of economic
Economic Welfare accepts the most basic assumption underlying the work of Nordhaus and Tobin and all others who have devised measures of
economic economic welfare.
I wish that those with technical expertise about
economic matters would direct much of their energy to finding how the economy could serve
sustainable human
welfare.
It says the government would have to make it «the central aim of all its
economic policies» and identify what it looks like in terms of employment rates for specific groups, more
sustainable welfare provision and public services and a greater focus on job creation.
Initial studies indicate good potential for
sustainable economic development using flora and fauna for the inhabitants»
economic welfare.
It stresses that improving women's access to forest resources and effectively including them in decision making leads to greater investment in children's
welfare and has positive effects on
economic growth and
sustainable resource management.
This analytical report addresses the social dimensions of climate change from a
sustainable, equitable development perspective, understood as «an irreducible holistic concept where
economic, social and environmental issues are interdependent dimensions that must be approached within a unifi ed framework», and where the overarching outcome is to fully promote human
welfare and equal access to life - sustaining resources.