"Ramsey and Harrod, the founders of modern theories of dynamic economics, were
scathing about the ethical dimensions of discounting in a more general context,
commenting respectively that discounting 'is ethically indefensible and arises
merely from the weakness of the imagination' and that it i
Thanks, Barkley. Now I have to think about this. It is kind of an attack on
consumption and support for environmental protection, no?
Gene
"J. Barkley Rosser, Jr." wrote:
> Eugene,
> I can see that it is worded in an unclear manner.
> In this I am partly going with the literature that a
t.
Barkley Rosser
-Original Message-
From: Eugene Coyle <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Thursday, March 01, 2001 7:31 PM
Subject: [PEN-L:8583] Re: Re: Re: Re: Re: Re: [Fwd: Re: query: Frank Ramsey]
>Thanks, Barkley. Now I have to think abou
Barkley writes:
> The new wave coming out of these discussions
>has been hyperbolic discounting where a high discount
>rate is used to discount the near term future, but a lower
>and lower rate approaching zero is used to discount the
>far distant future.
In practice, of course, long-term in
: Re: Re: Re: [Fwd: Re: query: Frank
Ramsey]
>Barkley writes:
>> The new wave coming out of these discussions
>>has been hyperbolic discounting where a high discount
>>rate is used to discount the near term future, but a lower
>>and lower rate approaching zero is us
