Facing Future Adversity

Avner Offer ()

Challenge, 2013, vol. 56, issue 4, 38-50

Abstract: Among the challenges to the working of free markets is our inability to deal rationally with the future. Instead of calculating the future risks and rewards, and what they mean to us today, we fall back on social conventions, norms, and institutions. But when it comes to potential climate change, are these enough? This is a vital and fresh analysis of how we must deal with the future.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:mes:challe:v:56:y:2013:i:4:p:38-50

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DOI: 10.2753/0577-5132560404

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