Economics and the Future

Time and Discounting in Private and Public Decision Making

Szerző: David J. Pannell, Steven G.m. Schilizzi

Nyelv:

Kötés: Puha kötésű

Kiadó: Edward Elgar Publishing Ltd

Elérhetőség: Beszállítói készleten

Küldés 14-20 napon belül

19 427 Ft

This book argues that discounting is a perennial problem for economists; it is an essential componen...

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Szerző

David J. Pannell, Steven G.m. Schilizzi

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2008

oldal

200

EAN

9781848444522

Enbook ID

05104455

Kiadó

Edward Elgar Publishing Ltd

Súly

322

Méretek

156 x 234 x 11

Teljes leírás

This book argues that discounting is a perennial problem for economists; it is an essential component of assessing economic comparisons over time, but a number of practical and theoretical difficulties continue to confront its use. This is especially so for economists concerned with long time horizons, such as the management of the environment and natural resources. Discounting is perhaps the area of economics that generates the most disquiet and confusion from outside the discipline."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 most difficult questions around discounting in theory and practice. It reveals that the economic issues about time are embedded in a broader social, ethical and philosophical context. This book explores practical and theoretical concerns in making economic comparisons over time, and presents innovative proposals for resolving some of the problems raised. As such, it will be of great interest to a wide-ranging audience including: academics and students focusing on economics, economic consultants, analysts and policy advisors and environmental agencies and organizations.

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Economics and the Future

Time and Discounting in Private and Public Decision Making

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