Webdisturbance regime (Common & Perrings 1992, Perrings 1998). The measure of irreversibility that falls out of this literature is the probability that a system which … WebThis model is known as “Solow-Hartwick sustainability” (Common and Perrings, 1992) and this approach is known in the literature as “weak sustainability” (Daly 1994). The main assumption in weak sustainability (WS hereupon) is that natural capital and man-made capital are substitutes for one another and each can readily replace one another.

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Irreversibility in Economics - Arizona State University

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