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A model of choice between current consumption and future economic growth



A model of choice between current consumption and future economic growth



Review of Marketing and Agricultural Economics 64(1): 111-114



This paper uses a newly proposed working definition of sustainability based upon the Rawlsian principle of justice to develop a simple aggregative model of growth. The model explores the issue of choice between current consumption and future economic growth through changes in capital stock. It is shown that sustainable growth limits the range of this choice, but does not determine it.

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