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Reflections on discounting: some philosophical remarks

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  • Konrad Ott

Abstract

This paper touches on some crucial ethical topics that are embedded in the economic technique of discounting. It is structured as follows. After a brief introduction, the notion of reflection is clarified in order to make room for a certain perspective from which the economic practice of discounting might be judged appropriately. Some distinctions are drawn, and some common patterns of argument are outlined, which might be helpful for further debate. At the end of the paper, some proposals for modifications, weighings and adjustments of discounting are mentioned. Finally, an argument why discounting should be replaced by discourse-oriented assessments is set out.

Suggested Citation

  • Konrad Ott, 2003. "Reflections on discounting: some philosophical remarks," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 6(1), pages 7-24.
    • Handle: RePEc:ids:ijsusd:v:6:y:2003:i:1:p:7-24
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    Citations

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    Cited by:

    1. Richard S.J. Tol, 2013. "Long live the Kyoto Protocol!," Chapters, in: Roger Fouquet (ed.), Handbook on Energy and Climate Change, chapter 14, pages 344-351, Edward Elgar Publishing.
    2. Stefan Bayer, 2004. "Nachhaltigkeitskonforme Diskontierung: das Konzept des "Generation Adjusted Discounting"," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 73(1), pages 142-157.
    3. Stefan Bayer, 2003. "Generelle Nichtdiskontierung als Bedingung für eine nachhaltige Entwicklung?," IAW Discussion Papers 13, Institut für Angewandte Wirtschaftsforschung (IAW).
    4. Stefan Bayer & Jacques Méry, 2009. "Sustainability gaps in municipal solid waste management: a case study for landfills," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 11(1), pages 43-69, February.

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