Economy and Sustainability
The course reviews briefly the historical experience of modern economic growth and its consequences of environmental degradation, e.g., resource depletion, climate change. Departing from the mainstream theories of economic growth, the course also addresses the problems of developing countries and the significance of economic growth and development for alleviating poverty and promoting human well-being. The course, furthermore, introduces a number of different perspectives on Sustainable Development (SD), mainly Weak Sustainability, Strong Sustainability, and the Human Development approach. SD is NOT assumed as the prescription for a problem-free model of economy; rather, it is taken as a formulation of the problematic clash of economic growth and environmental concerns. Accordingly, the course concentrates on how, in each of the aforementioned SD perspectives, the tension between the imperative of economic growth and environmental and social sustainability is handled.