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Future generations and economic activities

The case of the social discount rate

Bibliographic Data

ID12068243
AuthorsPhilippe Méral (0000-0003-0722-8721, Université de Versailles Saint-Quentin-en-Yvelines, corresponding author)
Year1998
Volume27
Issue2
Pages1-14
Publication date1998-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueForum for Social Economics (JOURNAL)
Journal identifiersISSN: 0736-0932 • E-ISSN: 1874-6381
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1007/bf02802865
OpenAlexW2057583417
LanguageEN
Citations received1
References cited35

The objective of this article is to show the difficulties economists have when they try to answer the following question: What can economists do to promote a fair and “safe” economic development? Or otherwise said: what should we do to promote more equity between generations in an environmental perspective? The purpose of this article is not to develop new tools or policies but to give an overview of some theoretical and practical problems linked to the connection between environment, intergenerational justice and economic activities. The first section focuses on the reasons for the need to develop a reflection about intergenerational equity in the economics of the environment. The second section investigates some related theoretical problems, and the third section shows the practical difficulties economists have when dealing with intertemporal economic decisions; that is, trying to take intergenerational equity into account—in particular the choice of a discount rate for public investments

Business · Cost–benefit analysis · Discounting · Economics · Equity (law · Intergenerational equity · Law and economics · Market economy · Microeconomics · Perspective (graphical · Political science · Positive economics · Public economics · Reflection (computer programming · Section (typography · Social discount rate · Social equality · Social justice · Sustainability · Climate Change Policy and Economics · Fiscal Policy and Economic Growth · Law · Sustainable Development and Environmental Policy · Finance

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Unique citing works1
Citations per year0.33
Citation span2023 - 2023 (1)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 1

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