Science and Education Publishing
International Journal of Econometrics and Financial Management Special Issue Call for Papers
Special Issue: Ongoing Research on Economic and social theory on sustainability
Though sustainability is a key dimension of the wellbeing framework there are still confusions about the concept, its measurement and its applications. The main feature of the sustainability is the uncertainty about the future. Daly and Cobb, Capra, Berry, and others have addressed the limits of current economic theory on sustainability issues. Most of critics of economics suggest changes in public policy as a means of addressing the market failures. The scholar John E. Ikerd (1997) outlines a case for developing the theory of “economics of sustainability�. In recent years, efforts for inclusion of sustainability principles within policy-making and alternatives to GDP as a measure of social progress have been undertaken. There are many significant contributions from the fields of economics, philosophy and environmental science. In economics, the contributions start with the work of Frank Ramsey (Ramsey 1928) and the