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Original Articles

An ores pricing mechanism for promoting sustainable development

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Pages 309-322 | Published online: 02 Jun 2009
 

SUMMARY

In this present work, the authors, after a brief survey of current economic theories of non-renewable resources, propose an alternative mechanism for ore pricing that is consistent with sustainable development. Technological change, technological pluralism, costs and environmental issues are the main benchmarks of the present discussion. The are pricing mechanism proposed here try to encompass all of these aspects, and reconsider the role of technology and its various options.

In fact, technology is strictly linked to its limits (above all those of productivity, efficiency and its resulting environmental effects) and can no longer be considered just in terms of the classical principles of the minimum cost without evaluating those aspects related to the goals of sustainable development, widely shared at the international level. Without making any claims to being an exhaustive treatment of this topic, the present work tries to apply these principles to price ores.

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