In his highly regarded lecture, “An Almost Practical Step toward Sustainability,” economist and Nobel Prize winner Robert Solow proposed a model for sustainable economic growth. His strategy complemented the Malthusian model of economic stagnation and was based on his assumption of a “weak sustainability,” in which the substitutability of natural resources was preferred over their actual preservation.
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Further Readings:
- Lindahl-Kiessling, Kerstin, and Hans Landberg, eds. Population, Economic Development, and the Environment. New York: Oxford University Press, 1994.
- Solow, Robert. “An Almost Practical Step Toward Sustainability.” Resources Policy 19, no. 3 (1993): 162-172.
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1992