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New Economics for Sustainable Development

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Based on mounting evidence indicating that human activities on the planet ‘have now become of so large a scale that they are beginning to aff ect the ecological life-support system itself’ (Costanza et al. 1997, p.4), we are convinced that changes, both in economics and in economic practice, are required.

The entire concept of economic growth (defined as increasing material consumption) must be rethought, especially as a solution to the growing host of interrelated social, economic and social development (qualitative improvement without growth in resource throughput) and an explicit recognition of the interrelatedness and the interdependence of all aspects of life on the planet (Costanza et al. 1997, p.4).
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Keywords: New Economics for Sustainable Development

Document Type: Research Article

Publication date: January 1, 2007

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