cover image: Comprehensive Wealth in Canada - Measuring What Matters in the Long Run

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Comprehensive Wealth in Canada - Measuring What Matters in the Long Run

7 Dec 2016

Well-being is enhanced by the fruits of the comprehensive wealth portfolio in less familiar ways too, such as the enjoyment of a beautiful sunset and the freedom to walk city streets safely at night. [...] To the extent wealth is studied at all in most countries, measures are usually limited to produced and financial capital— just two of the five components of the comprehensive wealth portfolio. [...] On top of this, the series of climate and ecosystem indicators compiled for the study point to declines in other forms of natural capital. [...] This raises concerns about the concentration of the economy in areas known for volatility and that face uncertainty in today’s world, especially in the case of oil and gas extraction. [...] Concepts, data and methods used in the study Though still new to many people, the concept of comprehensive wealth dates back to the 1990s, and thinking about the individual elements of it dates back much further than that, most famously to Adam Smith and his 18th century work on the wealth of nations.
economic development environment climate change education economics sustainability wetlands economy water natural capital natural resources canada economic growth financial capital valuation ecosystem balance sheet ecosystem services gdp further education society teaching and learning capital (economics) asset unsustainable inflation-adjusted
Pages
197
Published in
Winnipeg, MN, CA

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