Discount rates and sustainability
John Quiggin
(Department of Economics, Research School of Social Sciences, Australian National University, Australia)
1665
Abstract
Reviews the discount rate controversy, and examines sustainability theory and optimal growth theory, tracing the rise in prominence of the former and the decline of the latter. Presents the rule‐of‐thumb interpretation of sustainability criteria, and proposes a utilitarian approach, discussing its implications for uncertainty, discounting and social welfare.
Keywords
Citation
Quiggin, J. (1997), "Discount rates and sustainability", International Journal of Social Economics, Vol. 24 No. 1/2/3, pp. 65-90. https://doi.org/10.1108/03068299710764305
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited