Meter of sustainable economic prosperity
Daly's ecological natural resources index, also known as the index of sustainable economic welfare (ISEW), is a non-monetary measure of social wellbeing that takes into account both the management of mineral resources and the intergenerational social justice. The following are taken into consideration: average consumption, distribution of goods and environmental degradation. Calculating ISEW
It is a gauge based on natural indicators and therefore can not take into account such elements of welfare as eg population savings because they are based on monetary measures. Bibliography
wiki
Comments
Post a Comment