The Hartwick rule is 1986 of J.M. Hartwick and N. a D. Olewiler formulated rule over the generation justice.

The rule means - completely after John Rawls theory of the justice - that each generation must save so much that its children can consume despite the scarcity of resources which can be expected just as much.

Criticism

The rule can be only with difficulty durably fulfilled, since it is unclear how many raw materials it gives, how their technical promotion and recycling possibilities will look in the future, how the total population will develop and resources will probably go out sometime. In the last centuries the rule could be fulfilled tendentiell, since the standard of living usually increased. However consistently applied, thus with view of it that the next generation must use the rule again for generation following on it, it is probably out of touch with reality and unfulfillable the rule.

Articles in category "Hartwick rule"

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