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Kevin Gallagher

Kevin Gallagher is with the Global Development and Environment Institute at Tufts University in Medford, Massachusetts.

A Survey of Sustainable Development

Social And Economic Dimensions

Perpetual economic growth is physically impossible on a planet with finite resources. Many concerned with humanity's future have focused on the concept of "sustainable development" as an alternative, as they seek means of achieving current economic and social goals without compromising the ability of future generations to meet their own goals.

Human Well-Being and Economic Goals

What are the ends of economic activity? According to neoclassical theory, efficient interaction of the profit-maximizing "ideal producer" and the utility-maximizing "ideal consumer" will eventually lead to some sort of social optimum. But is that social optimum the same as human well-being? Human Well-Being and Economic Goals addresses that issue, considering such questions as:

  • Does the maximization of individual welfare really lead to social welfare?
  • How can we deal with questions of relative welfare and of equity?