Table of Contents

Handbook of Sustainable Development Planning

Handbook of Sustainable Development Planning

Studies in Modelling and Decision Support, Second Edition

Elgar original reference

Edited by M. A. Quaddus and M. A.B. Siddique

The thoroughly revised second edition of this authoritative Handbook, complete with new chapters, comprehensively examines the current status and future directions of model-based systems in decision support and their application to sustainable development planning.

Chapter 4: Modelling long-term sustainability

Kaoru Yamaguchi

Subjects: business and management, management and sustainability, development studies, development economics, economics and finance, development economics, environmental economics, valuation, environment, environmental economics, environmental management, valuation


In the book Beyond Walras, Keynes and Marx (Yamaguchi, 1988) I tried to synthesize three economic paradigms in the industrial age: neoclassical, Keynesian and Marxian, under a general equilibrium framework, and presented a new economic paradigm suitable for the information age. Through the work, my interest has gradually shifted toward sustainability of the new economy. This shift of interest resulted in the book Sustainable Global Communities in the Information Age (Yamaguchi, 1997), in which I have contributed a chapter entitled ‘Sustainability and a Mu Ratopian Economy’. In the chapter, sustainability is newly defined in terms of physical, social and ecological reproducibility from a general equilibrium point of view developed in Yamaguchi (1988). At that time, I had no tools or software to enable me to model my framework of sustainability for further computational analysis and simulation. Soon afterwards, I happened to encounter the book Beyond the Limits (Meadows et al., 1992), which explores world sustainability by applying simulation results of the World3 model.

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