Sustainability Perspectives for Resources and Business: 1st Edition (Paperback) book cover

Sustainability Perspectives for Resources and Business

1st Edition

By Orie L. Loucks, O. Homer Erekson, John F. Bol, Raymond F. Gorman, Pamela C Johnson, Timothy C. Krehbiel

CRC Press

400 pages

Purchasing Options:$ = USD
Paperback: 9781574440584
pub: 1998-11-17

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Miami University in Oxford, Ohio offers a course entitled "Sustainability Perspectives," based on this text. The course was awarded "The Instructional Innovation Award" at the 1996 annual meeting of the Decision Sciences Institute, an association of Decision Science professionals headquartered at Georgia State University in Atlanta.

The 1990's have seen the development of important new approaches to sustaining corporate development and protecting the environment. Corporations are beginning to realize their responsibilities for a healthy environment. Sustainable development is viewed as an integrated, ecological, economic, and social system in which both economic growth and quality-of-life improvements can occur in a unified system complementary to the maintenance of natural capital. Sustainability Perspectives for Resources and Businesses shows the reader that a sound understanding of the concepts involved in sustainable development is beneficial to businesses, natural resources, and the population in general.

This textbook was written to help students and professionals involved in business, science, or engineering to understand the changes occurring in the workplace. It serves as a step toward understanding how business and science, as professional communities, are adapting to new information about risks to the environment. Various chapters are devoted to resources, values, and valuation systems. Each section develops principles such as resilience and integrity in the economy and the environment.


"…The book bridges the gap between ecology/environmental science and economy. A blueprint for making good environmental and business decisions in the 21st century…describes how many issues can be resolved as win/win with a longer term perspective, dialogue, and education of all the stakeholders…"-Graham Mitchell, Director of the Ohio EPA

Table of Contents

The Context of Sustainability


  • Foundation in Ecology and Economics

    Carrying Capacity and Sustainability

    Social and Economic Views of Sustainability and Sustainable Development

    Economic Growth and the Environment

    Growth and the Environment: A Contrary View

    Aggregated Determinants of Environmental Trends

    Global Welfare Curve

  • A Unified Approach to Sustainability

    Hierarchical Conceptualization of Sustainability

    Three Sustainability Principles from Systems Thinking

    Sustainability Principle One

    Sustainability Principle Two

    Sustainability Principle Three

  • Values and Process Principles

  • Conclusion

  • Endnotes

    Natural Science Foundations of Sustainability


    Health and Integrity of Ecosystems and Economics

    System Properties and the Measurements of "Integrity"

    Sustainability Principle Four

  • Natural Capital and Its Conversion to Human Use

    Naive Uses of Resources

    Liquidation of Natural Assets for Financial Gain

    The Sustainable Development Paradigm: Open Systems and Closed Loops

    * Pollution Threats to Sustainability

    Sustainability Principle Five

    Naive Disposal of Waste

    Sustainable Waste Disposal and Development

    Ecologically Persistent Chemicals

    Air, Water, and Bioadversity as Common Property Assets

    Public-Private Partnerships as a Paradigm for Sustainability

  • Endnotes

    Sustainability and Economic Well-Being


  • The Economic Approach to Sustainability

    The Economic Way of Thinking

    Allocation Function

    Distribution Function


    Stabilization Finction, Economic Growth, and Issues of Scale

    Sustainability Principle Six

  • Measuring Aggregate Economic Well-Being

    Sustainability Principle Seven

  • Toward Improved Measurement of Economic Well-Being

  • Conclusion

  • Endnotes

    Natural Resource Conflicts and Sustainability


    Sustainability Principle Eight

    Sustainability Principle Nine

  • Forest Resources

    Forest Status: The Problem

    Local and National Outcomes

    Solutions: Steps Towards Sustainability

  • Fisheries

    The Problem

    Social Consequences

    How to Achieve "Sustainable Development"

  • Sustaining Fresh Water

    Use and Abuse of Water Resources

    Implementing Sustainable Water Management

  • Air Resources

    The Air Problem

    Approaches for Solving Air Problems

    Environmental Ethics and Corporate Decision Making for Sustainable Performance

  • Importance of Ethics

    Sustainability Principle 10

  • Steps in Corporate Responses to Environmental and Ethical Issues

  • Sustainable Development: The Nexus of Environment, Economy, and Equity

  • Comparing Values from Three Worldviews

    Sustainability Principle Eleven

    Anthropcentrism, the Dominant Social Worldview

    Deep Ecology as a Worldview

    Sustainable Development, and Emerging Worldview

  • Integrity of Natural Systems: A Global Ethic for the Environment and Business







  • The Need for Dialogue

    Sustainability Principle Twelve



  • Valuation and Reporting



    Different Meanings of Value

    Valuation Methods

    Direct Methods

    Indirect Methods

    Some Comparisons Among the Indirect Methods

    Sustainability Principle Ten

    Public Policy and Valuation Methods

  • Accounting and Reporting

    Accounting Information Systems

    Internal Aspects of Financial Reporting

    Environmental Audit and Compliance Measures

    Activity Based Costing

  • External Reporting on the Environment

    Sustainability Principle Thirteen

    Risk Assessment

    Taxes and Environmental Reporting

  • Conclusion

  • Endnotes

  • Appendix I - Rubenstein's Environmental Trust Accounting

    Sustainability and Business Management Systems


  • Environmental Externalities and Government Regulation

    Legal Remedies


    Market-Based Incentives

    * Government Regulation and Business Self-Regulation of Environmental Externalities

    The Paradigm of Self-Regulation: Values and Value-Based Management

    Environmental Management Systems and a Natural Resource-Based View of the Firm

  • Continuous Improvement Systems in Business

    Total Quality Environmental Management

    The History of Total Quality Management

    TQM in Environmental Management

    Examples of TQEM and Environmental Management Systems in Business

    The Council of Great Lakes Industries and TQEM

    Responsible Care and the Chemical Manufacturers Association

    The CERES Principles

    ISO 14000 International Environmental Standards

    Characteristics of Self-Regulating Approaches

  • Conclusion

    Making Business Decisions about the Environment: Integrating Scope and Values

  • Introduction

    * Decision Option Analysis: Scoping the Steps to Sustainability

  • Scale and Globalization of Commerce

    Sustainability Principle Fourteen

  • The Social Context of Sustainability Revisited

    Trust and Consensus: Elements of Choosing

    Sustainability as the Design of Win-Win Outcomes

    The Safe Minimum Standard: Making All the Parts Work Better

  • Conclusion
  • Subject Categories

    BISAC Subject Codes/Headings:
    NATURE / Environmental Conservation & Protection
    SCIENCE / Life Sciences / Ecology