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Does the Fact that Individuals Discount Entail the Existence of a Social Discount Rate?
Fri, Feb 15 2008 4:09 PM
[Cross-posted on the parent blog ] In my last post , I discussed the idea of discounting as it relates to cost-benefit analysis. I reached the conclusion that discounting treats future people's interests as if they were less significant than our own, and that if cost-benefit analysis aims to make people the best off, then this seems like a bad practice. I... Read More...
Cost-Benefit Analysis, Discounting, and Climate Change
Thu, Feb 14 2008 10:29 PM
[Cross-posted on the parent blog ] I wrote a paper last semester on the notion of discounting future damage (I'll explain what this means below), and I wanted to revisit the issue now that I've done a little more research, to see if I still agree with what I wrote then. Basically, my paper examined how our views of the proper role of discounting are dependent... Read More...