Abstract
The degree to which generations make sustainable economic decisions depends critically on how each generation internalizes its externalities. Sustainability first requires negative externalities within a generation to be internalized. Then, remaining intergenerational externalities must be remedied to indemnify future generations. If these tandem objectives are met, one remaining issue is an assurance that each generation does not inappropriately discount economic values of subsequent generations.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Read, C. (2023). The Philosophy of the Social Discount Rate. In: Understanding Sustainability Principles and ESG Policies. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-34483-1_17
Download citation
DOI: https://doi.org/10.1007/978-3-031-34483-1_17
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-031-34482-4
Online ISBN: 978-3-031-34483-1
eBook Packages: Economics and FinanceEconomics and Finance (R0)