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Our path of economic development has generated a growing list of environmental problems including the disposal of nuclear waste, exhaustion of natural resources, loss of biodiversity, climate change, and polluted land, air, and water. All these environmental problems raise the crucial challenge of determining what we should and should not do for future generations. It is also central to other policy debates, including, for example, the appropriate level of public debt, investment in public infrastructure, investment in education, and the level of funding for pension benefits and for research and development. Today, the judge, the citizen, the politician, and the entrepreneur are concerned with the sustainability of our development. The objective of Pricing the Planet's Future is to provide a simple framework to organize the debate on what we should do for the future. A key element of analysis by economists is the discount rate--the minimum rate of return required from an investment project to make it desirable to implement. Christian Gollier outlines the basic theory of the discount rate and the various arguments that favor using a smaller discount rate for more distant cash flows. With principles that can be applied to many policy areas, Pricing the Planet's Future offers an ideal framework for dynamic problems and decision making.

Investments --- Discount. --- discount rate --- consumption --- econometrics --- economic indicator --- economic growth --- majandusnäitaja --- ekonominis rodiklis --- economische indicator --- indicatore economico --- táscaire eacnamaíoch --- indicador económico --- indicator economic --- економски показател --- икономически индикатор --- hospodársky ukazovateľ --- gospodarski kazalec --- ekonomikas rādītājs --- економски показатељ --- ekonomski pokazatelj --- hospodářský ukazatel --- gazdasági mutató --- οικονομικός δείκτης --- wskaźnik gospodarczy --- økonomisk indikator --- tregues ekonomik --- Wirtschaftsindikator --- indikatur ekonomiku --- ekonomisk indikator --- indicateur économique --- taloudellinen indikaattori --- ekonomický ukazatel --- економски индикатор --- indice economico --- ekonometrie --- економетрија --- econometría --- ökonomeetria --- econometrie --- økonometri --- οικονομετρία --- економетрия --- econometria --- économétrie --- ekonometri --- ekonometria --- ökonometria --- ekonometrija --- Ökonometrie --- економетричар --- tarbimine --- konsum --- κατανάλωση --- consommation --- потрошувачка --- ídiú --- forbrug --- consumo --- Verbrauch --- spotreba --- konsumtion --- konsumpcja --- kulutus --- patēriņš --- consum --- spotřeba --- vartojimas --- потрошња --- потребление --- verbruik --- potrošnja --- fogyasztás --- ídiú breosla --- sottoconsumo --- åtgång --- consumptie --- förbrukning --- normë e skontimit --- есконтна стопа --- diskontní sazba --- discontovoet --- taxa de desconto --- diskontná sadzba --- diskonttokorko --- taux d'escompte --- diskonto norma --- diskontna stopnja --- diskonto --- tasso di sconto --- diskontomäär --- дисконтна стапка --- leszámítolási kamatláb --- Diskontsatz --- stopa dyskontowa --- diskontosats --- tipo de descuento --- rată a scontului --- rata ta' skont --- diskonta likme --- eskontna stopa --- ráta lascaine --- сконтов лихвен процент --- προεξοφλητικό επιτόκιο --- Abzinsungssatz --- официјална дисконтна стапка --- laskentakorko --- есконтна каматна стопа --- saggio di sconto --- diskontna stopa --- tasso ufficiale di sconto --- normë e skontuar e interesit --- есконтна стапка --- diskonteringsrente --- Diskontzinssatz --- actualiseringspercentage --- stopa dyskonta --- základná úroková sadzba --- дисконтов лихвен процент --- diszkontráta --- diszkontláb --- normë skontimi --- rate of discount --- rată de actualizare --- taxa de atualização --- diskonteringsränta --- tasso di attualizzazione --- kalkulationsrente --- προεξοφλητικός τόκος --- discount interest rate --- eskontna obrestna mera --- disconteringsfactor --- tipo de actualización --- taux d'actualisation --- Wirtschaftswachstum --- ekonomisk tillväxt --- ūkio augimas --- gospodarska rast --- crescimento económico --- taloudellinen kasvu --- wzrost gospodarczy --- hospodářský růst --- majanduskasv --- croissance économique --- tkabbir ekonomiku --- rritje ekonomike --- economische groei --- creștere economică --- crescita economica --- икономически растеж --- привредни раст --- fás eacnamaíoch --- hospodársky rast --- crecimiento económico --- ekonomski rast --- økonomisk vækst --- економски раст --- ekonomikas pieaugums --- οικονομική μεγέθυνση --- gazdasági növekedés --- vækstrate --- zero growth --- miera rastu --- expansiune economică --- prieaugis --- pieauguma temps --- creștere zero --- nulový rast --- boom economico --- нулти раст --- crecimiento cero --- espansione economica --- talouden laajentuminen --- növekedés üteme --- nullkasv --- nulvækst --- kasvuvauhti --- ekonomisk expansion --- οικονομική επέκταση --- nulgroei --- nollakasvu --- nulti rast --- Nullwachstum --- ritmo de crecimiento --- növekedés mértéke --- μηδενική μεγέθυνση --- hospodársky vzostup --- tillväxttakt --- ρυθμός οικονομικής μεγέθυνσης --- kasvumäär --- nulles pieaugums --- míra hospodářského růstu --- nolltillväxt --- taxa de crescimento --- ekonomický růst --- nulinis augimas --- growth rate --- crescita zero --- gospodarski rast --- економска експанзија --- expansão económica --- stopa rasta --- økonomisk ekspansion --- rată de creștere economică --- croissance zéro --- majanduse laienemine --- expansion économique --- tasa de crecimiento --- zgjerim ekonomik --- economische expansie --- ekonomická expanze --- rritje zero --- augimo norma --- taux de croissance --- economic expansion --- nulový růst --- crescimento zero --- Wachstumsrate --- οικονομική αύξηση --- Wirtschaftsexpansion --- tasso di crescita --- zéró növekedés --- стапка на раст --- Investing --- Investment management --- Portfolio --- Finance --- Disinvestment --- Loans --- Saving and investment --- Speculation --- Bank discount --- Discount rate --- Social aspects. --- Discount --- Social aspects --- E-books --- tomhaltas --- eacnaiméadracht --- CBA. --- Markov switches. --- NPV. --- Poisson two-armed bandit. --- Ramsey rule. --- Weitzman argument. --- actual behaviors. --- adaptations. --- alternative decision criteria. --- backward induction. --- biodiversity. --- canonical models. --- capital. --- classical discounting approach. --- climate change. --- competitive economy. --- concordance. --- consumption. --- cost-benefit analysis. --- development sustainability. --- discount rate. --- discounted expected utility. --- ecological discount rate. --- ecological environments. --- economic depressions. --- economic development. --- economic growth rates. --- economic growth. --- economic reversions. --- economics. --- efficient discount rates. --- environmental assets. --- environmental policies. --- environmental quality. --- environmental risks. --- extreme events. --- fat tails. --- future environmental damages. --- future planning. --- inequalities. --- inequality aversion. --- interest rate. --- intergenerational habit formation. --- intergenerational welfare. --- intertemporal inequalities. --- investment opportunities. --- investment project selection. --- liquidity. --- long-term credit contracts. --- long-term growth. --- long-term risk. --- macroeconomic effects. --- maxmin ambiguity aversion. --- mean-reversion. --- natural resource exhaustion. --- net benefit. --- net future value. --- net present value. --- net present values. --- new investment opportunities. --- non-marginal projects. --- non-monetary benefits. --- nuclear waste disposal. --- option value. --- parametric uncertainty. --- pollution. --- positive discount rate. --- possible investments. --- precautionary effect. --- project valuation. --- public debt. --- public infrastructure. --- public policies. --- radical economic transformations. --- random walk. --- recursive expected utility. --- risk aversion. --- risk management. --- risk preferences. --- risk premium. --- risk. --- risky assets. --- risky projects. --- safe investment projects. --- safe investment. --- safe projects. --- saving. --- smooth ambiguity aversion. --- social welfare. --- stochastic dominance approach. --- substitution. --- term structure. --- theory of investment. --- two-period model. --- uncertain cash flows. --- uncertain economic growth. --- uncertain projects. --- uncertainty. --- unequal society. --- utility function. --- wealth inequalities.