Influential Theories of Economics in Shaping Sustainable Development Concepts
This study explores the pivotal role of theories of economics in shaping the multifaceted concept of sustainable development and integrates economic, social, and environmental dimensions. It traces the intellectual trajectory of classical, neoclassical, and contemporary economic paradigms, analysing...
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| Format: | Article |
| Language: | English |
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MDPI AG
2024-12-01
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| Series: | Administrative Sciences |
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| Online Access: | https://www.mdpi.com/2076-3387/15/1/6 |
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| author | Faruque As Sunny Eila Jeronen Juping Lan |
| author_facet | Faruque As Sunny Eila Jeronen Juping Lan |
| author_sort | Faruque As Sunny |
| collection | DOAJ |
| description | This study explores the pivotal role of theories of economics in shaping the multifaceted concept of sustainable development and integrates economic, social, and environmental dimensions. It traces the intellectual trajectory of classical, neoclassical, and contemporary economic paradigms, analysing their contributions to sustainability-oriented policies and practices. The study critically analyses key concepts, including equitable income redistribution, resource stewardship, and ecological preservation. It contrasts liberal and dependency theories while also comparing insights from environmental and ecological economics. Employing a rigorous literature review and comparative analytical methodology, the study bridges the theoretical foundations with real-world applications, illustrating the dynamic interplay between theories of economics and sustainability imperatives. The findings elucidate the dichotomy between weak and strong sustainability frameworks, advocating for ethical and interdisciplinary approaches to policymaking. By offering a comprehensive synthesis of the most influential theories of economics and sustainable development practices, this study provides profound insights for policymakers, academics, and practitioners seeking to address pressing global challenges through informed and integrative strategies. |
| format | Article |
| id | doaj-art-fd54265f1b8a4ad0bf840f740eeb9057 |
| institution | Kabale University |
| issn | 2076-3387 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Administrative Sciences |
| spelling | doaj-art-fd54265f1b8a4ad0bf840f740eeb90572025-01-24T13:15:18ZengMDPI AGAdministrative Sciences2076-33872024-12-01151610.3390/admsci15010006Influential Theories of Economics in Shaping Sustainable Development ConceptsFaruque As Sunny0Eila Jeronen1Juping Lan2School of Management, Zhejiang University, Hangzhou 310058, ChinaFaculty of Education and Psychology, University of Oulu, 90014 Oulu, FinlandSchool of Two Mountains, Lishui University, Lishui 323000, ChinaThis study explores the pivotal role of theories of economics in shaping the multifaceted concept of sustainable development and integrates economic, social, and environmental dimensions. It traces the intellectual trajectory of classical, neoclassical, and contemporary economic paradigms, analysing their contributions to sustainability-oriented policies and practices. The study critically analyses key concepts, including equitable income redistribution, resource stewardship, and ecological preservation. It contrasts liberal and dependency theories while also comparing insights from environmental and ecological economics. Employing a rigorous literature review and comparative analytical methodology, the study bridges the theoretical foundations with real-world applications, illustrating the dynamic interplay between theories of economics and sustainability imperatives. The findings elucidate the dichotomy between weak and strong sustainability frameworks, advocating for ethical and interdisciplinary approaches to policymaking. By offering a comprehensive synthesis of the most influential theories of economics and sustainable development practices, this study provides profound insights for policymakers, academics, and practitioners seeking to address pressing global challenges through informed and integrative strategies.https://www.mdpi.com/2076-3387/15/1/6economicstheoriessustainable developmentresource managementenvironmental economicsweak and strong sustainability |
| spellingShingle | Faruque As Sunny Eila Jeronen Juping Lan Influential Theories of Economics in Shaping Sustainable Development Concepts Administrative Sciences economics theories sustainable development resource management environmental economics weak and strong sustainability |
| title | Influential Theories of Economics in Shaping Sustainable Development Concepts |
| title_full | Influential Theories of Economics in Shaping Sustainable Development Concepts |
| title_fullStr | Influential Theories of Economics in Shaping Sustainable Development Concepts |
| title_full_unstemmed | Influential Theories of Economics in Shaping Sustainable Development Concepts |
| title_short | Influential Theories of Economics in Shaping Sustainable Development Concepts |
| title_sort | influential theories of economics in shaping sustainable development concepts |
| topic | economics theories sustainable development resource management environmental economics weak and strong sustainability |
| url | https://www.mdpi.com/2076-3387/15/1/6 |
| work_keys_str_mv | AT faruqueassunny influentialtheoriesofeconomicsinshapingsustainabledevelopmentconcepts AT eilajeronen influentialtheoriesofeconomicsinshapingsustainabledevelopmentconcepts AT jupinglan influentialtheoriesofeconomicsinshapingsustainabledevelopmentconcepts |