Time Discounting and Future Generations: The Harmful Effects of an Untrue Economic Theory - Rilegato

Kula, Erhun

Rilegato

ISBN 10: 1567200907 ISBN 13: 9781567200904

Casa editrice: Praeger Pub Text, 1997

Riassunto

Kula contends that conventional time-dependent theories in welfare economics are based on the unwarranted assumption that people live forever, an assumption that underpins the criteria for many decision-making activities and one that leads public sector policy makers to discriminate against future generations. It is seen in its most extreme in decision making on such long-term projects as nuclear power facilities, whose effects will be visited upon many future generations. How did this assumption gain currency and influence? Kula says, "this oddity has been imposed by mathematical economists who now dominate the scene." Kula aggressively challenges these theories, which he alleges are untrue and unjust, provides an alternative method for discounting, and shows how its application can yield dramatically positive results. His book is thus a unique, important contribution to the theory and practice of decision making in public endeavors, intended not only for academics but equally for their practitioner colleagues in all parts of the world.

Su questo libro

L'autore:

ERHUN KULA, a member of the New York Academy of Sciences, is Senior Lecturer in Economics at the University of Ulster. Widely published in journals of economics and environmental science, he is the author of four other books. He also teaches in the University of London's External Diploma and Master Programs and has held visiting professorships at the University of New Mexico and the University of Bosphorus.

Product Description:

Unusual book

Su questa edizione

• Editore: Praeger Pub Text
• Data di pubblicazione: 1997
• ISBN 10: 1567200907
• ISBN 13: 9781567200904
• Rilegatura: Copertina rigida
• Numero di pagine: 199