New Study Challenges Traditional Economic Growth Models, Urges Sustainable Alternatives
The article discusses the importance of finding a balance between economic growth and environmental sustainability. It questions the current focus on producing goods and using up natural resources. Some economists suggest measuring 'green income' and 'sustainable income' to better understand the impact of economic activities on the environment. This approach is based on the work of various economists like Hicks, Weitzman, and Maler.