Abstract

This paper aims at highlighting the importance of equity between present and future generations from a fiscal and legal point of view. In particular, this paper suggests the idea that public sector should take the responsibility to intervene in such an issue, not simply by drawing a picture of or naming the matter, as for the theory of sustainable development, but also by assuming some concrete problem-solving tools. Throughout this paper, in fact, some economic theories will be presented which recognize the importance of equity between generations, defining the barriers of jurisdiction - i.e. what is a generational public good and what is the welfare of future generations -, and, above all, some innovative tools will be proposed as potential public interventions aimed at limiting such an inequality.