Sustainable Development, Capital Substitution and Economic Humility: A Response to Beckerman

Jacobs responds to Wilfred Beckerman's critique of sustainable development (1994) by (1) defending strong sustainability, based upon Daly's argument that natural capital and human capital are complements, not substitutes, and thus discounting does not adequately address the ecological needs of future generations; (2) rejecting 'weak sustainability' as sustainable at all; (3) arguing for welfare pluralism, rather than trying to encompass 'welfare' under one value; and finally (4) upholding sustainable development as a useful and ethical concept.

Published in: Environmental Values
1995 Vol. 4 Pages 57-68