Books  Environmental Studies  Economics, Business & Industry  Environmental Economics 

Economics and the Future: Time and Discounting in Private and Public Decision Making

Edited By: David Pannell and Steven Schilizzi

Edward Elgar

Hardback | Dec 2006 | #164143 | ISBN: 1843767554
Availability: Usually dispatched within 5 days Details
NHBS Price: £72.00 $94/€82 approx

About this book

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.


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