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
"Ramsey and Harrod, the founders of modern theories of dynamic economics, were
scathing about the ethical dimensions of discounting in a more general context,
commenting respectively that discounting 'is ethically indefensible and arises
merely from the weakness of the imagination' and that it
Thanks, Barkley. Now I have to think about this. It is kind of an attack on
consumption and support for environmental protection, no?
Gene
"J. Barkley Rosser, Jr." wrote:
Eugene,
I can see that it is worded in an unclear manner.
In this I am partly going with the literature that all
