Publication
Title
Hotelling, Rawls, Solow: how exhaustible resources came to be integrated into the neoclassical growth model
Author
Abstract
Exhaustible resources were integrated into the neoclassical growth model in the early 1970s. This happened partly as a reaction to various reports focusing on the limits to growth. At a deeper level, the debate on Rawls's theory of justice in an intergenerational context and Hotelling's economics of exhaustible resources were crucial inputs. This paper concentrates on Solow's contribution to the integration. It also traces its influence on the economics profession, focusing on the Hartwick rule and the way in which economists think about sustainability.
Language
English
Source (journal)
History of political economy: annual supplement
Publication
2009
Volume/pages
41(2009), p. 263-281
ISI
000280833000015
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 16.12.2009
Last edited 17.09.2017
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