Resilience in natural and socioeconomic systems

Simon Asher Levin, Sara Aniyar, William Baumol, Christopher Bliss, Bert Bolin, Partha Dasgupta, Paul Ehrlich, Carl Folke, Ing Marie Gren, C. S. Holling, Annmari Jansson, Bengt Owe Jansson, Karl Göran MÄLER, Dan Martin, Charles Perrings, Eytan Sheshinski, Scott Barrett

Research output: Contribution to journalArticle

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Abstract

We, as a society, find ourselves confronted with a spectrum of potentially catastrophic and irreversible environmental problems, for which conventional approaches will not suffice in providing solutions. These problems are characterized, above all, by their unpredictability. This means that surprise is to be expected, and that sudden qualitative shifts in dynamics present serious problems for management. In general, it is difficult to detect strong signals of change early enough to motivate effective solutions, or even to develop scientific consensus on a time scale rapid enough to allow effective solution. Furthermore, such signals, even when detected, are likely to be displaced in space or sector from the source, so that the motivation for action is small. Conventional market mechanisms thus will be inadequate to address these challenges.

Original languageEnglish (US)
Pages (from-to)221-262
Number of pages42
JournalEnvironment and Development Economics
Volume3
Issue number2
DOIs
StatePublished - Jan 1 1998

All Science Journal Classification (ASJC) codes

  • Development
  • Environmental Science(all)
  • Economics and Econometrics

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    Levin, S. A., Aniyar, S., Baumol, W., Bliss, C., Bolin, B., Dasgupta, P., Ehrlich, P., Folke, C., Gren, I. M., Holling, C. S., Jansson, A., Jansson, B. O., MÄLER, K. G., Martin, D., Perrings, C., Sheshinski, E., & Barrett, S. (1998). Resilience in natural and socioeconomic systems. Environment and Development Economics, 3(2), 221-262. https://doi.org/10.1017/S1355770X98240125