Isolation, Assurance and the Social Rate of Discount

1 February 1967

journal article
Published by Oxford University Press (OUP) in The Quarterly Journal of Economics

Vol. 81 (1) , 112-124
https://doi.org/10.2307/1879675

Abstract

I. The isolation paradox and the assurance problem, 112. — II. Optimum savings, 116. — III. The rate of discount, 120. — IV. Rich they, poor us, 121. — V. Conclusions, 122.

Keywords

DISCOUNT
ASSURANCE PROBLEM
OPTIMUM SAVINGS
ISOLATION PARADOX
POOR US
SOCIAL RATE