t.
Barkley Rosser
-Original Message-
From: Eugene Coyle [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Thursday, March 01, 2001 7:31 PM
Subject: [PEN-L:8583] Re: Re: Re: Re: Re: Re: [Fwd: Re: query: Frank Ramsey]
Thanks, Barkley. Now I have to think about this.
Barkley writes:
The new wave coming out of these discussions
has been hyperbolic discounting where a high discount
rate is used to discount the near term future, but a lower
and lower rate approaching zero is used to discount the
far distant future.
In practice, of course, long-term
: Re: query: Frank
Ramsey]
Barkley writes:
The new wave coming out of these discussions
has been hyperbolic discounting where a high discount
rate is used to discount the near term future, but a lower
and lower rate approaching zero is used to discount the
far distant future.
In practice
My confusion, I guess, is which practice Ramsey is saying is "ethically
indefensible." Is "not discounting" ethically indefensible? Or is it
discounting which is "ethically indefensible"? I should have paid more
attention the year they were teaching diagramming sentences. I didn't, so I'm
Eugene,
To "not discount" means to treat the "future enjoyments"
as equal in value to present ones. That means using a
zero discount rate.
There are a lot of people in environmental and ecological
economics who argue for this, along with a lot of others,
including some from the
Eugene Coyle [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Thursday, March 01, 2001 4:31 PM
Subject: [PEN-L:8571] Re: Re: Re: Re: [Fwd: Re: query: Frank Ramsey]
My confusion, I guess, is which practice Ramsey is saying is "ethically
indefensible." Is
5.
Barkley Rosser
-Original Message-
From: Eugene Coyle [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Thursday, March 01, 2001 4:31 PM
Subject: [PEN-L:8571] Re: Re: Re: Re: [Fwd: Re: query: Frank Ramsey]
My confusion, I guess, is which practice Ramsey is saying i
h 01, 2001 4:31 PM
Subject: [PEN-L:8571] Re: Re: Re: Re: [Fwd: Re: query: Frank Ramsey]
My confusion, I guess, is which practice Ramsey is saying is "ethically
indefensible." Is "not discounting" ethically indefensible? Or is it
discounting which is "ethically inde
