Chapter

Discounting Future Consumption

Partha Dasgupta

in Human Well-Being and the Natural Environment

Published in print November 2001 | ISBN: 9780199247882
Published online November 2003 | e-ISBN: 9780191596100 | DOI: http://dx.doi.org/10.1093/0199247889.003.0014
 Discounting Future Consumption

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Scrutinizes a class of accounting prices that has been the object of regular misunderstanding: social discount rates. The topic is over 40 years old, yet controversy rages over matters that have long been settled, involving as they do technical economics. Many who express views on social discount rates overlook the literature and make incorrect claims. I point to a few as the occasions warrant.

Keywords: accounting prices; social discount rates

Chapter.  6562 words. 

Subjects: Economic Development and Growth

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