Edited by Thomas Aronsson, Professor of Economics and the late Karl-Gustaf Löfgren, formerly Professor of Economics, Umeå University, Sweden

‘In a world that is possibly threatened by catastrophic climate changes it is more important than ever to augment and modify current systems of national accounts so as to measure welfare in a dynamic context, i.e. move towards social accounting. This outstanding text written by leading names in the field covers all essential aspects of dynamic welfare theory and also goes beyond pure theory by providing discussion of how to go from theory to application.’

• Contents: 1. An Introduction to the Theory of Social AccountingThomas Aronsson and Karl-Gustaf Löfgren2. The Money Metrics Problem in Dynamic Welfare AnalysisKarl-Gustaf Löfgren 3. Welfare Measurement, Hyperbolic Discounting and PaternalismKenneth Backlund and Tomas Sjögren4. Dynamic Endogenous Risk and Social AccountingRam Ranjan and Jason F. Shogren5. Welfare Measurement and Public Goods in a Second-best EconomyThomas Aronsson 6. How are Green National Accounts Produced in Practice?Eva Samakovlis 7. The Theory of Dynamic Cost–Benefit Analysis: Some Recent AdvancesChuan-Zhong Li 8. Some Dynamic Economic Consequences of the Climate-Sensitivity Inference DilemmaMartin L. Weitzman 9. Sustainable Consumption ProgramsJohn M. Hartwick 10. The Relationship Between Welfare Measures and Indicators of Sustainable DevelopmentGeir B. Asheim 11. Genuine Saving, Social Welfare and Rules for SustainabilityKirk HamiltonIndex

Edited by Thomas Aronsson, Professor of Economics and the late Karl-Gustaf Löfgren, formerly Professor of Economics, Umeå University, Sweden

‘In a world that is possibly threatened by catastrophic climate changes it is more important than ever to augment and modify current systems of national accounts so as to measure welfare in a dynamic context, i.e. move towards social accounting. This outstanding text written by leading names in the field covers all essential aspects of dynamic welfare theory and also goes beyond pure theory by providing discussion of how to go from theory to application.’

• Contents: 1. An Introduction to the Theory of Social AccountingThomas Aronsson and Karl-Gustaf Löfgren2. The Money Metrics Problem in Dynamic Welfare AnalysisKarl-Gustaf Löfgren 3. Welfare Measurement, Hyperbolic Discounting and PaternalismKenneth Backlund and Tomas Sjögren4. Dynamic Endogenous Risk and Social AccountingRam Ranjan and Jason F. Shogren5. Welfare Measurement and Public Goods in a Second-best EconomyThomas Aronsson 6. How are Green National Accounts Produced in Practice?Eva Samakovlis 7. The Theory of Dynamic Cost–Benefit Analysis: Some Recent AdvancesChuan-Zhong Li 8. Some Dynamic Economic Consequences of the Climate-Sensitivity Inference DilemmaMartin L. Weitzman 9. Sustainable Consumption ProgramsJohn M. Hartwick 10. The Relationship Between Welfare Measures and Indicators of Sustainable DevelopmentGeir B. Asheim 11. Genuine Saving, Social Welfare and Rules for SustainabilityKirk HamiltonIndex