Spackman, Michael (2025) Social discounting and the cost of public funds: problems with current global practice. Grantham Research Institute on Climate Change and the Environment Working Papers (419). Grantham Research Institute on Climate Change and the Environment, London School of Economics and Political Science, London, UK.
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Abstract
Since the early days of social discounting, in the 1960s, three mutually inconsistent approaches have become globally embedded. All face significant analytical and/or practical problems. This essay reviews the issues, why the divisions persist, and the contexts in which the inconsistencies may contribute significantly to misleading analysis. It concludes that there may never be any broad global consensus on best practice, but identifies aspects where limited progress may sometimes be feasible.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | https://www.lse.ac.uk/granthaminstitute/publicatio... |
| Additional Information: | © 2025 The Author(s) |
| Divisions: | Geography and Environment |
| Subjects: | G Geography. Anthropology. Recreation > GE Environmental Sciences H Social Sciences > HJ Public Finance H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 23 Jun 2025 10:57 |
| Last Modified: | 23 Jun 2025 23:15 |
| URI: | http://eprintstest.lse.ac.uk/id/eprint/128517 |
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