Exploring the issue of measuring changes in per capita wealth, factoring in both growth in
total assets (as measured by genuine saving) and population growth, as more …

This important book presents fresh thinking and new results on the measurement of
sustainable development. Economic theory suggests that there should be a link between …

Genuine saving measures the real change in0 total wealth, factoring in the depreciation of
produced assets, depletion of natural resources, pollution damages, and expenditures on …

Gross domestic product (GDP) and household income measures provide invaluable metrics
of economic activity in an economy, but they tell us little about the sustainability of the …

We develop and apply a consistent and comprehensive theoretical framework for assessing
whether economic growth is compatible with sustaining wellbeing over time. Our approach …

In this article, I review—and to an extent further develop—a normative theory that offers a
unified language for both sustainability and policy analyses. The theory shows that by …

Samuelson [14] suggested that the best measure of social welfare would be a 'wealth-
like'magnitude. This paper explains the approach to wealth measurement presented in …

For economists in 1974, it was a live question whether the exhaustion of natural resources,
such as oil, would necessarily lead to the decline of economic activity. Solow showed that …

This book is about development and measuring development progress. While precise
definitions may vary, development is, at heart, a process of building wealth, the produced …

This book presents estimates of total wealth for nearly 120 countries, using economic theory
to decompose the wealth of a nation into its component pieces: produced capital, natural …