> 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
Perhaps some environmentalists apply the same discount rate but place a value on the earth's overall natural environment at infinity, so that at any discount rate, the present value of having the natural environment survive would also be infinite. Fred Foldvary ===== [EMAIL PROTECTED] __________________________________________________ Do You Yahoo!? Yahoo! Shopping - Mother's Day is May 12th! http://shopping.yahoo.com
