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Equitable use of the resource base

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Abstract

This paper discusses the issue of intertemporal equity in terms of conservation of the resource base. Maximisation of present value is seen as a 'dictatorship of the present' leading to intertemporal inconsistency. The alternative perspective, that of a Rawlsian original position, suggests replication of the resource base over time as a social goal, and the need for mechanisms more active than resource reservation to work toward this objective.

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