Sustainable Indicators: Genuine Savings
- Professor of Environmental Economics, University of St. Andrews
Nick Hanley's many research interests include environmental valuation, cost-benefit analysis, the economics of sustainable development, and ecological-economic modeling. He has co-authored three textbooks and is an honorary professor at the universities of Waikato (New Zealand) and Stirling (Scotland).
Economists have devised a theoretical indicator of sustainable economic development. This measure, called Genuine Savings, accounts for year-to-year changes in all the forms of capital, or wealth, that a given country uses. In this talk, Hanley will discuss the relationship between Genuine Savings and future well-being in the UK, US, and Germany.
A lunch of vegan haggis and shortbread will be served.
12:00 - 1:15 p.m.