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Economics And The Future
Time and Discounting in Private and Public Decision Making

Edited by David J. Pannell and Steven G.M. Schilizzi, School of Agricultural and Resource Economics, The University of Western Australia, Perth, Australia
2006 200 pp Hardback 978 1 84376 755 8 $100.00 on-line discount $90.00
2009 200 pp Paperback 978 1 84844 452 2 $40.00 on-line discount $32.00

‘This excellent book is essential reading for anyone involved with discounting methodology and practice. . . a valuable information source for anyone concerned with discounting procedures.’
– Economic Outlook and Business Review

This book argues that discounting is a perennial problem for economists; it is an essential component of assessing economic comparisons over time, but a number of practical and theoretical difficulties continue to confront its use. This is especially so for economists concerned with long time horizons, such as the management of the environment and natural resources. Discounting is perhaps the area of economics that generates the most disquiet and confusion from outside the discipline.

Contributors: D. Hatton MacDonald, G. Hertzler, B. Malcolm, D.J. Pannell, J.C.V. Pezzey, C. Philibert, J. Quiggin, A. Randall, S.G.M. Schilizzi, M.D. Young
View the author's website at
http://www.davidpannell.net





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