The Park Place Economist


In what follows, I analyze the various definitions of sustainability that have been established in a diverse set of disciplines – the economics definitions of weak, strong, and environmental sustainability, the ecological definition, and the authoritative definitions enumerated in the Brundtland Report and Agenda 21 – and I argue that strong sustainability is the superior definition of sustainability in terms of production. Applying this definition to industrial firms via policies that harmonize producer actions with sustainable productive activity will require a fundamental readjustment of both producer and consumer behavior.