Occasional musings about academia, research, travel, arts, and, most importantly, cycling.
Sunday, March 9, 2014
Christian Gollier on the Economics of Discounting
In recent years, the French economist Christian Gollier has been doing some of the most important and influential work on the economics of social discounting. His recent book, Pricing the Planet's Future: The Economics of Discounting in an Uncertain World(Princeton 2013), is unquestionably the clearest and most convincing technical treatment I have read on the issue; and I can't even pretend to comprehend all of the equations. I only wish Gollier would craft a less technical tome that policy makers could comprehend.