[Gretl-users] Re: Gretl-users Digest, Vol 148, Issue 8 (Ramsey model - no hope for the lazy)
Am 09.05.2019 um 15:03 schrieb Cottrell, Allin:
On Wed, May 8, 2019 at 9:49 PM Alecos Papadopoulos
<papadopalex(a)aueb.gr> wrote:
> In fact Ramsey (1928) originally formulated the problem with zero
> discount rate.
Interesting, I need to go back and read him.
Yes, IIRC Ramsey had ethical concerns
that any discounting distorts the
inter-generational comparison of welfare. In public finance of course
this discussion still exists in the form of the adequate social discount
rate.
cheers
sven