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Sustainable development: an evolutionary economic approach

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  • Pascal van Griethuysen

    (Graduate Institute for Development Studies, Geneva, Switzerland)

Abstract

In this paper, it is argued that the view of the economic sphere as a closed system cannot appropriately deal with the issue of sustainable development. Evolutionary economics is then presented as a fruitful alternative to apprehend the interactions between the economic, the human and the natural spheres. This emerging field offers both a firm theoretical basis (based upon recent developments in physics, biology, dynamic systems theory and the sciences of complexity) and practical, pragmatic answers to the implementation of a sustainable path of development. This is further illustrated with the presentation of the evolutionary logic of a multi-level common regime. Such a regime could be an institutional counterpart of social and environmental dynamics. Copyright © 2002 John Wiley & Sons, Ltd. and ERP Environment.

Suggested Citation

  • Pascal van Griethuysen, 2002. "Sustainable development: an evolutionary economic approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 10(1), pages 1-11.
    • Handle: RePEc:wly:sustdv:v:10:y:2002:i:1:p:1-11
    DOI: 10.1002/sd.175
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    References listed on IDEAS

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    1. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
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    Cited by:

    1. van Griethuysen, Pascal, 2012. "Bona diagnosis, bona curatio: How property economics clarifies the degrowth debate," Ecological Economics, Elsevier, vol. 84(C), pages 262-269.
    2. Christophe Feder & Beniamino Callegari & David Collste, 2024. "The system dynamics approach for a global evolutionary analysis of sustainable development," Journal of Evolutionary Economics, Springer, vol. 34(2), pages 351-374, April.

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