Today's grand policy dilemmas, from climate change, to over-indebtedness, to demographic shifts, have momentous long-term implications. Future generations will be constrained by our present decisions to an extent that is without precedent in advanced capitalist democracies. This book is an extensively researched and reasoned appeal in favor of intergenerational fairness - the ability to provide to future generations an at least as favorable standard of living as that enjoyed today. Intergenerational equity is an essential consideration in finding lasting solutions to the multifaceted crises of…mehr
Today's grand policy dilemmas, from climate change, to over-indebtedness, to demographic shifts, have momentous long-term implications. Future generations will be constrained by our present decisions to an extent that is without precedent in advanced capitalist democracies. This book is an extensively researched and reasoned appeal in favor of intergenerational fairness - the ability to provide to future generations an at least as favorable standard of living as that enjoyed today. Intergenerational equity is an essential consideration in finding lasting solutions to the multifaceted crises of our time. As an implicit contract and transfer between living and future generations, intergenerational equity avoids discriminating against future generations. The book aims to theoretically define intergenerational equity and to frame it as a natural behavioral law, capturing human ethicality bounds. It follows a long and distinguished tradition of scholarly discourse in turning to natural law for solutions to major social predicaments. Outlining some of the causes of the current intergenerational imbalances regarding climate change and over-indebtedness it sets the basis for understanding their drivers and implications. A central proposition is that the natural human drive towards intergenerational fairness can be the basis for the necessary behavioral responses: the human-imbued moral compass of natural law can be a useful complement, if not alternative, to public policy. This book fills an important gap. Despite a resurgence of literature, the economic and social dimensions of intergenerational equity remain underexplored. Existing literature misses a holistic ethical framework of decision-making failures that addresses intergenerational concerns. Whilst evolutionary grounded, intergenerational fairness has not been recognized as a natural behavioral law - a human-imbued drive being bound by human fallibility. Practical implications and recommendations in advancing an agenda for the advancement of intergenerational equity are provided. Attention is drawn to the problem of providing the required leadership to promote the idea of intergenerational equity as a guiding principle in corporate, social and policy action. This book contributes both theoretical and practical insights and will be of interest to economists, sociologists, public policy makers and corporate executives tasked with tackling the most pressing contemporary challenges of mankind.
Julia Margarete Puaschunder studied Philosophy/Psychology, Business, Public Administration, Social and Economic Sciences, Natural Sciences, Law and Economics. Julia M. Puaschunder has launched and administered research projects in Australia, Austria, Canada, China, Germany, Indonesia, Switzerland, and the United States. Before starting a Prize Fellowship in the Inter-University Consortium of New York working for the New School and Columbia University, Julia M. Puaschunder held positions at the University of Vienna and the Vienna University of Economics and Business. For several years she was an Associate of the Harvard University Faculty of Arts and Sciences. At the Harvard University Center for the Environment, she conducted research on intergenerational equity in cooperation with Harvard Business School and Harvard Kennedy School. Currently she serves as Contributor to the Harvard Law School Law and Mind Sciences Initiative Situationist. Trained as a behavioral economist with Doctorates in Social and Economic Sciences as well as Natural Sciences and Masters in Business, Public Administration, and Philosophy/Psychology, she has over 15 years of experience in applied social sciences empirical research in the international arena. Julia M. Puaschunder is as an expert member of the Academic Council on the United Nations System, the European Corporate Governance Institute and the Virtus Corporate Governance Experts Global Repository. Throughout her academic career, Julia was invited to present her research at Harvard University, Princeton University, Columbia University, Brown University, Oxford University and Cambridge University as well as The Academic Council on the United Nations System. She published with Harvard University, Columbia University and Oxford University outlets among other distinct journals and international publishing houses. Julia is included in the '2018 Marquis Who's Who in America and the World' among the top 3% professionals around the globe. After having captured social responsibility in corporate and financial markets in Europe and North America with attention to Financial Social Responsibility and Socially Responsible Investment; Julia Puaschunder currently pursues the idea of Eternal Equity - responding to Western world intergenerational equity constraints in the domains of environmental sustainability, overindebtedness and demographic aging with focus on law and mind sciences.
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