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Economic Theories and Sustainable Development

In: A Guide to Sustainable Corporate Responsibility

Author

Listed:
  • Caroline D. Ditlev-Simonsen

    (BI Norwegian Business School)

Abstract

In this chapter, I provide a brief introduction of some of the key economic theories, and how and to which extent they apply to sustainable development and corporate responsibility. How economics, international trade, organizations, tax, values, banks, governments, and so on work today can all be attributed to one or more of the economic theorists introduced in this chapter. Still, these theories were developed at the time when environmental challenges such as climate change and resource depletion were not pressing issues, and therefore not considered. I conclude with an overview of the key economists and philosophers who explicitly consider sustainability and corporate responsibility in their assessment of society and business. This chapter concludes with discussing new trends and theories capturing the sustainable element of business models.

Suggested Citation

  • Caroline D. Ditlev-Simonsen, 2022. "Economic Theories and Sustainable Development," Springer Books, in: A Guide to Sustainable Corporate Responsibility, chapter 3, pages 37-60, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-88203-7_3
    DOI: 10.1007/978-3-030-88203-7_3
    as

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