Comments on: Ramsey didn’t discount over time http://newschooljournal.com/2009/07/ramsey-discount/ A student run economics journal and open blog Sat, 29 Oct 2011 12:27:40 -0400 hourly 1 http://wordpress.org/?v=3.1.3 By: Benjamin http://newschooljournal.com/2009/07/ramsey-discount/comment-page-1/#comment-5403 Benjamin Sat, 04 Jul 2009 07:53:21 +0000 http://newschooljournal.com/?p=838#comment-5403 I suspect that it complements our argument about discounting as Ramsey was opposed to its use for the purposes of economic modelling. So we wouldn't have the sort of issues we were discussing previously, at least on the benefit side of things if we had no discounting. The implications of a bliss point - which Ramsey employs - is a bit tricky in that sense, but I take it as a re-enforcement... I suspect that it complements our argument about discounting as Ramsey was opposed to its use for the purposes of economic modelling.

So we wouldn’t have the sort of issues we were discussing previously, at least on the benefit side of things if we had no discounting. The implications of a bliss point – which Ramsey employs – is a bit tricky in that sense, but I take it as a re-enforcement…

]]> By: Brandt W http://newschooljournal.com/2009/07/ramsey-discount/comment-page-1/#comment-5402 Brandt W Thu, 02 Jul 2009 00:23:31 +0000 http://newschooljournal.com/?p=838#comment-5402 So wait, does this conflict with our earlier discussion about the use of discounting? So wait, does this conflict with our earlier discussion about the use of discounting?

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