Construct · 1 fields · 1 citations

hartwick rule: a standalone construct

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Environmental economics

investing all rents from exhaustible resources in reproducible capital to keep consumption constant across generations.

In environmental economics, hartwick rule refers to investing all rents from exhaustible resources in reproducible capital to keep consumption constant across generations. This meaning comes from Hartwick (1977/2017) in The Economics of Sustainability.[1]

Unit
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Nearby constructs

capital2 fields · 3 citationsjingle · one word, two constructs constant2 fields · 2 citationsjingle · one word, two constructs consumption3 fields · 5 citationsjingle · one word, three constructs

References

Hartwick, J. M. (2017). Intergenerational equity and the investing of rents from exhaustible resources. In The Economics of Sustainability (pp. 63-65). Routledge. (Original work published 1977) https://doi.org/10.4324/9781315240084-4

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