Titlebook: Social Costs and Sustainability; Valuation and Implem Olav Hohmeyer,Klaus Rennings,Richard L. Ottinger Conference proceedings 1997 Springer

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Conference proceedings 1997 and transport sector. Further, the theoretical framework of social costs is extended to a broader concept of sustainable development. Finally, concepts and first experiences of the internalization of social costs e.g. through least cost planning or an ecological tax reform are reviewed.

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Economic and Ecological Concepts of Sustainable Development: External Costs and Sustainability Indick sustainability is based on neo-classical economic theory and assumes that manufactured and natural capital are close substitutes. This means that costs of environmental deterioration (e.g., forest damage) can be compensated by benefits from manufactured capital (e.g., income). Thus, environmental

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Social Costs of Climate Change Strong Sustainability and Social Costse been presented, differing by orders of magnitude. The paper discusses the reasons for these discrepancies and shows that most of them stem from more or less necessary but hidden value judgments. As economics should not predetermine political decisions on strategies to cope with man-made global cli

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