Interpreting Sustainability

22 Pages Posted: 7 Jan 1997

See all articles by Geoffrey M. Heal

Geoffrey M. Heal

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Multiple version iconThere are 2 versions of this paper

Date Written: May 1996


Sustainability is an important, influential but elusive concept. I review concepts related to sustainability in earlier literature, and then summarize and synthesize recent work on sustainablity by Chichilnisky (1993), Beltratti, Chichilnisky and Heal (1994) and Heal (1993). This provides a basis for formalizing the concept and operationalizing it via shadow prices and associated accounting practices.

JEL Classification: D90, O21, H43

Suggested Citation

Heal, Geoffrey M., Interpreting Sustainability (May 1996). Available at SSRN: or

Geoffrey M. Heal (Contact Author)

Columbia Business School - Finance and Economics ( email )

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