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Managing Natural Capital in Line with Malinvaud's Approach to Efficient Allocation of Capital

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  • Claude Henry

Abstract

Discount rates, even when fixed at seemingly reasonable levels, wipe out the long-term ? possibly not that long ? consequences of present actions. As far as the environment, in particular the climate, is concerned, this is both ludicrous and devastating.

Suggested Citation

  • Claude Henry, 2017. "Managing Natural Capital in Line with Malinvaud's Approach to Efficient Allocation of Capital," Annals of Economics and Statistics, GENES, issue 125-126, pages 165-168.
  • Handle: RePEc:adr:anecst:y:2017:i:125-126:p:165-168
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    File URL: http://www.jstor.org/stable/10.15609/annaeconstat2009.125-126.0165
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    More about this item

    Keywords

    Capital Allocation; Discount Rate; Environment;

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925

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