The author shows how sustainable development may be organized, valued and distributed by introducing situational contracting as an interactive and contextual mode of governance. Situational contracting provides a road map for where we want to go, serving the prevailing ideology in implementing the trade between efficiency and fairness.

Dirk Wolfson served with the IMF and Dutch Treasury, and was Professor of Economics at Erasmus University Rotterdam, The Netherlands, before his election in the Senate. Upon retirement, he returned to academia. He is a member of the Dutch Royal Academy of Arts and Sciences and publishes widely on economics, the environment and political philosophy.