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dc.contributor.authorWright, Victoren
dc.identifier.citationAustralasian Agribusiness Perspectivesen
dc.description.abstractIn an earlier paper (Wright 2006) it was argued that a concern by humanity for something like 'intergenerational equity' is plainly required and that democratically-elected governments serve this increasingly popular concern with appropriate rhetoric. In meaningful analysis of the issues environmental economics is thwarted by relevant uncertainty and ecological economics offers nothing more compelling than a set of ultimate outcomes from which one should work backwards to define current optimal action. Economic approaches are moving, and will inevitably move more, to inform analysis through time as the reality bites of the opportunity cost of various interventions in markets to pursue sustainability. In this paper the core question to be addressed is how government should approach the management of intergenerational equity. The coexistence of very clear and present issues, such as global warming and depletion of world fish stocks, and the failure of any discipline to yet identify an optimising algorithm has a single, clear implication: empowered managers of the earth's resources need to adopt an approach, or approaches, to managing the issue which is appropriate to the lack of knowledge which bedevils the disciplines. The major approaches that have been adopted to date are the rapid and widespread adoption, nominally at least, of the Precautionary Principle (PP) and commitments to sustainability.en
dc.publisherUniversity of Melbourneen
dc.relation.ispartofAustralasian Agribusiness Perspectivesen
dc.titleManaging for Intergenerational Equityen
dc.typeJournal Articleen
dc.subject.keywordsMicroeconomic Theoryen
local.subject.for2008140104 Microeconomic Theoryen
local.subject.seo2008910299 Microeconomics not elsewhere classifieden
local.profile.schoolUNE Business Schoolen
local.record.institutionUniversity of New Englanden
local.publisher.placeMelbourne, Australiaen
local.identifier.runningnumberPaper 77en
local.title.maintitleManaging for Intergenerational Equityen
local.output.categorydescriptionC1 Refereed Article in a Scholarly Journalen
local.description.statisticsepubsVisitors: 48<br />Views: 48<br />Downloads: 0en, Victoren
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