Technology and the notion of sustainability - ScienceDirect - 0 views
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Definitions of sustainable development can be divided into two major classes, representing what are known as the weak and strong concepts of sustainability.
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“development that meets the needs of the present without compromising the ability of future generations to meet their own needs”.
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sustainability is a difficult concept to deal with due to scientific uncertainty. They referred to the concept of maximal sustainable yield (MSY), used in fisheries management long before sustainability became a general catchword in environmental policies
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This academic article is well written discussing the key differences involving weak and strong areas of sustainability. In the perspective of Technology, only some natural resources are economic resources. Scientifically, the temporal views involving 'time preferences' and equations for discounting future goods sold shows a short run of the economy. The article concludes with showing value from discounting three types of assets. Sustainability, is a strategic concept, and therefore needs time and capital to promote longer lasting affects.