Economics and the Future

Edited by David Pannell and Steven G.M. Schilizzi

in Books from Edward Elgar Publishing

Abstract: Economics and the Future tackles the discounting issue from a number of angles, ranging from relatively short-term private financial decisions, to very long-term public issues spanning generations. The authors present differing perspectives and original ideas in a style that remains accessible while addressing some of the more difficult questions about discounting in theory and practice. It reveals that the economic issues regarding time are embedded in a broader social, ethical and philosophical context.

Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
JEL-codes: H0 (search for similar items in EconPapers)
Date: 2006
ISBN: 9781843767558
References: Add references at CitEc
Citations: View citations in EconPapers (14)

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Chapters in this book:

Ch 1 Time and Discounting in Economic Decision Making

David Pannell and Steven G.M. Schilizzi

Ch 2 Investigating Net Benefits from Alternative Uses of Resources

Bill Malcolm

Ch 3 Avoiding Simplistic Assumptions in Discounting Cash Flows for Private Decisions

David Pannell

Ch 4 Compounding and Discounting Under Risk: Net Present Values and Real Option Values

Greg Hertzler

Ch 5 Risk, Discounting and the Public Sector

John Quiggin

Ch 6 Reconsidering Reconsidered: Why Sustainable Discounting Need Not be Inconsistent Over Time

John Pezzey

Ch 7 Discounting the Distant Future Using Short Time Horizons: Investments with Irreversible Benefits

Steven G.M. Schilizzi

Ch 8 Discounting Future Prospects, and the Quest for Sustainability

Alan Randall

Ch 9 How Should We Discount the Future? An Environmental Perspective

Michael Young and Darla Hatton MacDonald

Ch 10 Discounting the Future

Cédric Philibert

Ch 11 Discounting the Distant Future: Why So Many Voices and So Little Consensus?

Steven G.M. Schilizzi

Ch 12 Time Will Tell: Pending Questions on Discounting

Steven G.M. Schilizzi and David Pannell

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