Sustainable development: framework for a General Theory

Article type: Research Article

Authors: Hiwaki, Kensei^;

Affiliations: Tokyo International University, 2509 Matoba, Kawagoe, Saitama 350‐1198, Japan Fax: 0492 32 7477

Note: [] Home address: 4‐8‐3 Isehara, Kawagoe, Saitama 350‐1108, Japan.

Abstract: This article deals with a theoretical framework for sustainable development. We define sustainable development as a balanced socioeconomic development compatible with environmental conservation. To begin with, we argue against the short‐run macroeconomics. We also take issue with the classical paradigm of development consisting of Self‐Interest and Invisible Hand. We, then, elaborate on our value premises consisting of basic assumptions and general features relevant to a new paradigm for sustainable development. Finally, we describe the mathematical characteristics of long‐run variables, society–economy interactions, continuous development, and so on.

Keywords: Own hands, thought frame, trend preference rate, trend interest rate, long‐run equilibrium condition, long‐run multiplier

Journal: Human Systems Management, vol. 17, no. 4, pp. 267-279, 1998