PURE TIME PREFERENCE IN INTERTEMPORAL WELFARE ECONOMICS
نویسندگان
چکیده
منابع مشابه
Time Preference and its Effects on Intertemporal
Time preference has a peculiar role in determining the level of economic activities. Time preferenceis the most important origin of interest rate. In this paper we study the founders and defenders'viewpoints about time preference and then we try to criticize them. It seems that discounting futureutilities is resulting from irrationality and it is ethically indefensible too. From mathematical as...
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ژورنال
عنوان ژورنال: Economics and Philosophy
سال: 2017
ISSN: 0266-2671,1474-0028
DOI: 10.1017/s0266267117000074