This book applies rigorous economic analysis to the question of sustainable development it considers the inter relationship between growth and sustainability showing that one does not necessarily exist to the detriment of the other. Abstract within the field of environmental economics it is now widely recognised that the goal of sustainable development is principally an equity rather than an efficiency issue howarth and norgaard 1993 this is not to say that economic efficiency is irrelevant to sustainable development as reducing the quantity of natural resources used . The economics of sustainable development sisay asefa editor p cm based on presentations at the 40th annual werner sichel economics lecture series sponsored by the department of economics western michigan university includes bibliographical references and index. This book highlights methodological approaches for the economics of sustainable development and brings together recent empirical work done in india especially by dr surender kumar and dr shunsuke managi various chapters in this book use indian data to show the very wide applicability of methodologies in the theory of production for dealing with many empirical issues of environmentally