Sustainable growth without sacrificing individual impatience, study finds.
The article explores how to achieve sustainable growth while considering people's impatience. By using a model, the researchers show that by balancing discount rates between generations, we can maintain a steady growth path without harming the environment. This means we can keep growing without depleting resources, even if individuals are impatient. The study also reveals that a specific measure of economic well-being remains stable as we move towards a more sustainable consumption pattern.