Managing Natural Capital in Line with Malinvaud's Approach to Efficient Allocation of Capital

Claude Henry

Annals of Economics and Statistics, 2017, issue 125-126, 165-168

Abstract: Discount rates, even when fixed at seemingly reasonable levels, wipe out the long-term ? possibly not that long ? consequences of present actions. As far as the environment, in particular the climate, is concerned, this is both ludicrous and devastating.

Keywords: Capital Allocation; Discount Rate; Environment (search for similar items in EconPapers)
JEL-codes: B2 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2017:i:125-126:p:165-168

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