Table of Contents

Beyond Uneconomic Growth

Beyond Uneconomic Growth

Economics, Equity and the Ecological Predicament

Advances in Ecological Economics series

Edited by Joshua Farley and Deepak Malghan

This engaging book brings together leading ecological economists to collectively present a definitive case for looking beyond economic growth as the sole panacea for the world’s ecological predicament. Grounded in physics, ecology, and the science of human behavior, contributors show how economic growth itself has become “uneconomic” and adds to a ravaging of both social and ecological cohesion.

Chapter 8: The importance of a just distribution in a ‘full’ world

Philip Lawn

Subjects: economics and finance, environmental economics, environment, ecological economics


My aim in this chapter is to argue that distributional equity, which ought to be a mandatory objective at any time, becomes an even more important consideration in a ‘full’ world – that is, in a world where human-made capital becomes the abundant factor and remaining natural capital becomes the limiting factor. To do this, I shall focus on the ecological economics position that achieving sustainable development requires the resolution of three distinct policy goals. They are: (a) ecological sustainability (ensuring the rate of throughput is no greater than the ecosphere’s regenerative and waste assimilative capacities); (b) distributional equity (ensuring the distribution of income and wealth is fair and just); and (c) allocative efficiency (ensuring the incoming resource flow is allocated to product uses with the highest use value) (Daly, 1996). There are, nevertheless, two other aspects that are critical to achieving sustainable development.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information