S1E9. "The paper is based on a prescriptive rather that descriptive view of political economy"
One equation, two approaches
The rate of time preference: Implications for the greenhouse debate
sciencedirect.comIf one adopts a real annual discount rate of 5% or more — and there are no significant climate impacts for half a century — these impacts have a prese…
S1E9. “The paper is based on a prescriptive rather that descriptive view of political economy” : one equation, two approaches
This post is reposted from substack. It is part of a series on the history of how economists model the future with the Ramsey formula, based on joint work with Pedro Garcia Duarte. See episode 1 , …