Think for a moment, shifting from traditional market thinking to green market thinking in 2012 Rio +20 meant a shift from pareto optimality thinking to green pareto optimality thinking, yet to my knowledge nothing is written about this. Green pareto optimality thinking is at the heart of perfect green markets.
And this raises the question, what is the structure of green pareto optimality then? What do you think? I am interested in exchanging ideas on how to address this question and exchange thoughts.
Pareto optimality in welfare economics is well known ...green Pareto optimality is an issue. Depends on the so-called broad definition of welfare According Hennipman. Perhaps have a look at www.cbs.nl for the so-called broad welfare monitor. Might provide some ideas ... have a look at https://www.cbs.nl/en-gb/publication/2020/21/monitor-of-well-being-the-sdgs-2020
Dear Jan, I checked quickly your link, it is about wellbeing, not green wellbeing...
Look carefully at the question, keeping in mind that a shift from traditional market thinking to green market thinking means that the knowledge base of the traditional market is left behind, that includes traditional welfare economic thinking, traditional pareto optimality thinking...as part of .traditional micro-economics and traditional macroeconomics....
In green markets the supporting knowledge base is green micro-economcs and green macroeconomics including green welfare economics and green pareto optimality and perfect green market competition....
I do appreciate your comment.
Respectfully yours;
Lucio
Dear friends, I am sharing here with the positive intention of simply sharing ideas the following coming paper as it has some food for thoughts related to this question:
Sustainability thoughts 125: Why is pareto efficient in traditional markets outside green pareto efficiency in green markets? What is the structure of green pareto optimality? What are the implications of this?
https://www.researchgate.net/publication/343848087_Sustainability_thoughts_125_Why_is_pareto_efficient_in_traditional_markets_outside_green_pareto_efficiency_in_green_markets_What_is_the_structure_of_green_pareto_optimality_What_are_the_implications_o
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