Economic Sustainability

EconomicSustainability

Sustainabilityrefers to being responsible towards the environment or nature for thesake of current and future generations(Baumgatner &amp Quaas, 2010).The article stresses how economics had not adequately addressed theissue of human nature relationship and sustainability. It adds thatsustainability economics is described by four core attributes, whichare the relationship between humans and nature, concern for economicefficiency, a normative foundation in the idea of justice and theorientation towards the unknown future (Baumgatner&amp Quaas, 2010).

Thus,sustainability economics is founded on an ethical justification ofthe unforeseen future, which is embedded in the satisfaction of humanneeds and justice. That is to mean, as we satisfy our wants we shoulduse resources efficiently as we consider the long-term implication ofour actions, the uncertainty of future, and its generation. Also, thearticle shows how sustainability economics has both the managementand cognitive interest, which mutually influence each other. Thisattribute points out how sustainability economics intends to provideguidance and knowledge on how the objectives of satisfaction forhuman needs and justice can be achieved (Baumgatner&amp Quaas, 2010).Thus, sustainability economics is a trans-disciplinary science.

Withthe above characteristics, we can deduce that sustainabilityeconomics is related to environmental and economic resources as wellas ecological economics. This can be supported by the fact that it isconcerned with the economical and efficient use of resources with theintention to preserve the environment for current and futuregenerations. Also, the relation between environment and humans showhow sustainability economics is related to ecological economics.Thus, “sustainability economics” is a term used to denoteenvironmental and economic resources, and ecological economics.

References

Baumgatner,&nbspM.,&amp Quaas,&nbspS. (2010). What is sustainabilityeconiomicvs.&nbspEcologicalEconomics,&nbsp69,445-450.