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This paper compares the one-sector neoclassical (Solow) growth model with a neo-Austrian growth model. The solutions of the neoclassical growth model in terms of the golden rule of accumulation and the Ramsey rule are well known, and these conditions are compared with the outcomes of the neo-Austrian growth model, which we derive using a basic three-process model.
In the discourse about sustainable development, "constant natural capital" is frequently referred to as a criterion for ecological sustainability. But what is "natural capital"? The concept will be analyzed by presenting arguments in favour of using the term and different versions of sustainability (strong and weak). Subsequently, a critique of the "natural capital" concept is brought forward, from an ecological as well as from an economic perspective. Following this critique, the use of material inputs and the material input per unit of service (MIPS) as a measure for the environmental impact potential is suggested. Dematerialisation is understood to be an alternative management rule for sustainability. In conclusion, a change of perspective is proposed. Due to the conceptual and measurement problems associated with the "constant-natural-capital" criterion (which refers to a stock), it seems more reasonable from a scientific as well as from a practical perspective to add flows (i.e. material inputs) to a decision criterion for whether a development is sustainable or not.
The main focus of this paper is on freight transportation and food supply in the United States and in Europe especially in Germany. Organic, resp. healthy and safe food is a growing demand in both countries. People who consume organic food often believe that this contributes to an environmentally sound behaviour. But transportation issues are not or rarely taken into consideration so far, although long distance transport not only needs energy, it as well influences quality, freshness and taste of food. On both sides of the Atlantic, in freight transportation and food supply can be found a lot of differences as well as similarities. Main differences to the U.S. from the European standpoint are e.g. the bigger land area and larger and much more concentrated economic units. Quite naturally one can find a higher volume of long distance freight transport than in Europe. Similarities can be observed, but very often they present themselves in another extent, e.g. the trend towards privatisation and liberalisation, to more extended suburbanisation or to an unreflected way of consumer behaviour. In addition, this report raises some new questions: is the ’technological solution’ of environmental problems the only way? What can be done to include lifestyles and consumer behaviour into a new strategy?