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The Management of the Socio-Economic System: The Natural Capital Relation as a Foundation of Sustainable Development

The Management of the Socio-Economic System: The Natural Capital Relation as a Foundation of Sustainable Development

Constanta Popescu, Constantin Popescu, Ana Lucia Ristea
Copyright: © 2017 |Pages: 28
ISBN13: 9781522520818|ISBN10: 1522520813|EISBN13: 9781522520825
DOI: 10.4018/978-1-5225-2081-8.ch002
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MLA

Popescu, Constanta, et al. "The Management of the Socio-Economic System: The Natural Capital Relation as a Foundation of Sustainable Development." Measuring Sustainable Development and Green Investments in Contemporary Economies, edited by Mihai Mieila, IGI Global, 2017, pp. 22-49. https://doi.org/10.4018/978-1-5225-2081-8.ch002

APA

Popescu, C., Popescu, C., & Ristea, A. L. (2017). The Management of the Socio-Economic System: The Natural Capital Relation as a Foundation of Sustainable Development. In M. Mieila (Ed.), Measuring Sustainable Development and Green Investments in Contemporary Economies (pp. 22-49). IGI Global. https://doi.org/10.4018/978-1-5225-2081-8.ch002

Chicago

Popescu, Constanta, Constantin Popescu, and Ana Lucia Ristea. "The Management of the Socio-Economic System: The Natural Capital Relation as a Foundation of Sustainable Development." In Measuring Sustainable Development and Green Investments in Contemporary Economies, edited by Mihai Mieila, 22-49. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-2081-8.ch002

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Abstract

The appearance of the concept of sustainable development, although a sort of universal remedy at its beginnings, is becoming increasingly frequently the object of tensions both as objectives but especially as content. Regarding its objectives, the debate is organized around a logic based on the theory of the stakeholders but also on the competing logic that mobilizes an ethics of responsibility as teleological principle. Consequently, the meanings and implicitly the programmes of sustainable development are also the object of certain controversies and remain susceptible of being solved by a process of normalization of their contents. However, this dynamics of normalization itself is the bearer of certain “perverse effects”, already noticed in the accountancy standards domain and, under these circumstances, this dynamics of normalization cannot pretend to be the solution for regulating these controversies. The problem are mainly the weak doctrinal points characterizing Sustainable Development today, obviously, by comparison to what it wanted to be.

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