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"also all economic actors discount the future at varying rates" Which future are you referring to, the near future? Economic actors generally care about the pr
by ZenoArrow 12y ago
"also all economic actors discount the future at varying rates"
Which future are you referring to, the near future? Economic actors generally care about the profit which is closest to them, any consideration of the future beyond that is considerably weaker.
Also, consideration of economic actors is an abstract idea, what is being discussed is the reality of what exists today. What would you propose for ensuring the overall costs were more completely reflected in the final price?
- pitt1980 12y agowell, I mean some actors are more future oriented than others, but everyone prefers a dollar today to a dollar a year from now, politicians probably have a weaker future orientation than most, but they're not unique in discounting the future I don't philosphically have any problem with carbon taxes, or some legal liability scheme to capture overall costs