Re: Ricardian environmentalism

[Mark Wilson]

All "Ricardian evironmentalism" would mean is that the standard discount rate is applied to future environmental ammenities.  How can that be wrong? I know some environmental economists do actually make this claim -- that the discount rate should be different for the environment than for other assets, but I am not impressed. Mark Wilson Appalachian State University ----- Original Message ----- From: "Richard White" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Friday, May 10, 2002 10:49 AM Subject: RE: Ricardian environmentalism > My reaction:  If the next generation is uncomfortable with leverage, they > can reduce it or eliminate it with the wealth we have left them.  If they > want "more" environment, it's not as clear to me that they can use the > wealth we left them (by consuming the environment)to replace it.  If my > reasoning is accurate then Ricardian Equivalence would not apply in the > environmental/wealth scenario. > > >