The DOI matches its Crossref record; 73 of the 73 references it cites were found in a registry or an index.
Are We Consuming Too Much?
Open accessAbstract
This paper articulates and applies frameworks for examining whether consumption is excessive. We consider two criteria for the possible excessiveness (or insufficiency) of current consumption. One is an intertemporal utility-maximization criterion: actual current consumption is deemed excessive if it is higher than the level of current consumption on the consumption path that maximizes the present discounted value of utility. The other is a sustainability criterion, which requires that current consumption be consistent with non-declining living standards over time. We extend previous theoretical approaches by offering a formula for the sustainability criterion that accounts for population growth and technological change. In applying this formula, we find that some poor regions of the world are failing to meet the sustainability criterion: in these regions, genuine wealth per capita is falling as investments in human and manufactured capital are not sufficient to offset the depletion of natural capital.
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Cites
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Cited by
The Economics of Climate Change: The Stern Review
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Whitmee, S., Haines, A., Beyrer, C., Boltz, F., Capon, A. G., de Souza Dias, B. F., Ezeh, A., Frumkin, H., Gong, P., Head, P., et al. (2015) · The Lancet · doi:10.1016/s0140-6736(15)60901-1 · Cited by 2,998
Natural capital and ecosystem services informing decisions: From promise to practice
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Sustainability and Global Seafood
Smith, M. D., Roheim, C. A., Crowder, L. B., Halpern, B. S., Turnipseed, M., Anderson, J. L., Asche, F., Bourillón, L., Guttormsen, A. G., Khan, A., et al. (2010) · Science · doi:10.1126/science.1185345 · Cited by 517
Metadata
- Authors
- Arrow, K., Dasgupta, P., Goulder, L., Daily, G., Ehrlich, P., Heal, G., Levin, S., Mäler, K.-G., Schneider, S., Starrett, D., & Walker, B.
- Venue
- Journal of Economic Perspectives
- Publisher
- American Economic Association
- Published
- 2004-08-01
- Volume
- 18
- Issue
- 3
- Pages
- 147-172
- ISSN
- 0895-3309 (ISSN-L)
- OpenAlex
- W1976128508
- Cited by
- 853
- References
- 73
- FWCI
- 134.14
- Type
- journal article
- Language
- en
- Open access
- bronze
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- Arrow, K., Dasgupta, P., Goulder, L., Daily, G., Ehrlich, P., Heal, G., Levin, S., Mäler, K.-G., Schneider, S., Starrett, D., & Walker, B. (2004). Are We Consuming Too Much? Journal of Economic Perspectives. https://doi.org/10.1257/0895330042162377
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
