I see what the issue is. I think that the way to read
this is that he is assuming that we "not discount"
because to discount is unethical.
Barkley Rosser
-----Original Message-----
From: Michael Perelman <[EMAIL PROTECTED]>
To: J. Barkley Rosser, Jr. <[EMAIL PROTECTED]>
Date: Thursday, March 01, 2001 3:48 PM
Subject: Re: [Fwd: [PEN-L:8500] Re: query: Frank Ramsey]
>Like Gene, something seems wrong here. Was the "not" perhaps a misprint in
the
>quote. I see that you correctly copied what was printed.
>
>"J. Barkley Rosser, Jr." wrote:
>
>> michael,
>> "It is assumed that we do not discount later enjoyments
>> in comparison with earlier ones, a practice which is ethically
>> indefensible and arises merely from the weakness of the
>> imagination."
>> Frank P. Ramsey, "A Mathematical Theory of Saving," Economic
>> Journal, 1928, vol. 38, no. 152, pp. 543-559, quote appearing
>> on the first page.
>
>--
>
>Michael Perelman
>Economics Department
>California State University
>Chico, CA 95929
>
>Tel. 530-898-5321
>E-Mail [EMAIL PROTECTED]
>
>
>
