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POLICY IMPLICATIONS OF ZERO DISCOUNTING: AN EXPLORATION IN POLITICS AND MORALITY

Published online by Cambridge University Press:  13 January 2004

Tyler Cowen
Tyler Cowen
Affiliation:
Economics, George Mason University
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Extract

What are our political obligations to future generations? How does morality suggest that we weight current interests against future interests? Do politics or markets place greater weight upon interests in the very distant future? How should we discount future costs and benefits?

Type
Research Article
Information
Social Philosophy and Policy , Volume 21 , Issue 1 , January 2004 , pp. 121 - 140
Copyright
© 2004 Social Philosophy and Policy Foundation

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Footnotes

I thank Bryan Caplan, Christian Gollier, Robin Hanson, Ellen Frankel Paul, and fellow contributors to this volume for their useful comments on an earlier draft of this essay.