In wealth accounting and sustainability assessments, we characterize the non-declining
wealth criterion under dynamic average utilitarianism (DAU) as defined by Dasgupta (2001) …

How can we measure the wealth of nations? How can we know whether or not the actions of
present generations will undermine the wellbeing of future generations? How can we tell …

Discounted utilitarianism treats generations unequally and leads to seemingly unappealing
consequences in some models of economic growth. Instead, this paper presents and …

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 …

The main title of the seminal paper by Pearce and Atkinson (1993),'Capital theory and the
measurement of sustainable development', clearly signals what a large body of subsequent …

Utilitarian social welfare functions were devised for a world with a fixed population. With
endogenous population, Edgeworth conjectured that the Benthamite principle of maximizing …

In recent years, debates on how to measure the quality of life have been influenced by two
dichotomies:(1) the constituents vs. the determinants of well-being, and (2) current vs …

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 recent years, a number of authors have shown that, if by sustainable development we are
to mean that welfare across the generations should not decline over time, the index that …

The June 2012 issue of Environment and Development Economics published a symposium
with considerable focus on our paper,'Sustainability and the measurement of wealth'. The …