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How Should We Discount the Future? An Environmental Perspective

In: Economics and the Future

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  • Michael D. Young
  • Darla Hatton MacDonald

Abstract

Economics and the Future tackles the discounting issue from a number of angles, ranging from relatively short-term private financial decisions, to very long-term public issues spanning generations. The authors present differing perspectives and original ideas in a style that remains accessible while addressing some of the more difficult questions about discounting in theory and practice. It reveals that the economic issues regarding time are embedded in a broader social, ethical and philosophical context.

Suggested Citation

  • Michael D. Young & Darla Hatton MacDonald, 2006. "How Should We Discount the Future? An Environmental Perspective," Chapters, in: David J. Pannell & Steven G.M. Schilizzi (ed.), Economics and the Future, chapter 9, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3349_9
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    Cited by:

    1. Dyack, Brenda & Connor, Jeffery D. & Hatton MacDonald, Darla, 2005. "Screening options and setting priorities for River Murray floodplains," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137858, Australian Agricultural and Resource Economics Society.

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    Keywords

    Economics and Finance; Environment;

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