Biography:

One of their most recent publications is Towards an ecological economics of sustainability☆. Which was published in journal Ecological Economics.

More information about Mick Common research including statistics on their citations can be found on their Copernicus Academic profile page.

Mick Common's Articles: (2)

Towards an ecological economics of sustainability☆

AbstractPersistent disagreement both as to the interpretation to be given to sustainability, and as to the relation between ecological and economic sustainability, has hindered the development of an ecological economics of sustainable resource use. This paper identifies the main concepts of sustainability deriving from the two disciplines in order to explore the difference implied by an ecological approach to the problem. It is argued that present economic and ecological approaches are largely disjoint, and that they address basically different phenomena. By combining the efficiency requirements of what is usually thought of as economic sustainability with the stability requirements of an ecological approach, it is shown that an intertemporally efficient allocation of resources that satisfies the conditions for constant levels of consumption is not necessary to assure ecological sustainability. Ecological sustainability requires that the allocation of economic resources should not result in the instability of the economy–environment system as a whole.

COMMENTARYThe dangers of extended, but incomplete, accounting for measures of economic performance in a world of imperfect knowledge

AbstractThe conventions currently employed by national statistical agencies for income and wealth accounting leave out many things relevant to economic performance and human well-being. This has lead to proposals for, and attempts at, more comprehensive accounting. Fully comprehensive accounting is impossible, and the question addressed in this paper is whether a fuller, but incomplete, accounting is guaranteed to be nearer to the truth than the conventional accounting. The answer to this question is ‘no’. In general, for example, we cannot be sure that ‘genuine saving’ would be more accurately measured by extending the list of assets that it covers. The paper sets out the conditions under which greater accuracy would be assured.

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