Interpreting Sustainability


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)

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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 sustainability 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: E3, M4

Suggested Citation

Heal, Geoffrey M., Interpreting Sustainability. SUSTAINABILITY: DYNAMICS AND UNCERTAINTY, Available at SSRN:

Geoffrey M. Heal (Contact Author)

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