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Discounting and the Paradox of the Indefinitely Postponed Splurge

Matthew Rendall

in Climate Justice: Integrating Economics and Philosophy

Published in print:
2018
Published Online:
November 2018
ISBN:
9780198813248
eISBN:
9780191851230
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198813248.003.0010
Subject:
Economics and Finance, Public and Welfare, Development, Growth, and Environmental

It is sometimes argued in support of discounting future costs and benefits that if we gave the same weight to the future as to the present, we would invest nearly all our income, but never spend it. ... More


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