Abstract
A model created for estimating the welfare level potentially achievable under the existing production constraints is considered in the article. Analysis of the results obtained by using the model has demonstrated that (1) Russian society is far from a state of a socio-eco-economic balance; (2) increasing the level of social welfare would require significantly increasing Russian citizens’ incomes and reducing the amount of soil, air, and water pollution; (3) at current income and pollution levels, it is possible to achieve a higher level of social welfare in Russian society. The results of the study provide strong evidence that further progressive development of our country needs to be driven by increasing the welfare of the majority of the population and implementing green technologies into economic practice on a large scale.
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