Table of Contents

Acknowledgements, Series Preface, Introduction, PART I. RESOURCE MANAGEMENT AND DISCOUNTING IN A FIRST-BEST WORLD, 1. ‘A Mathematical Theory of Saving’, Economic Journal, 38, pp. 543-59, PART II. TRADITIONAL APPROACHES TO CHOOSING AN APPROPRIATE DISCOUNT RATE, 2. ‘On the Social Rate of Discount’, American Economic Review, 58, pp. 788-802, 3. ‘Real Estate Returns: A Comparison with Other Investments’, AREUEA Journal, 12, pp. 219-42, 4. ‘Returns to Education: A Further International Update and Implications’, Journal o f Human Resources, 20, pp. 583-604, 5. ‘Discount Rates for Public Investment in Closed and Open Economies’, Economica, pp. 395^112, 6. ‘Optimal Taxation and Public Production I: Production Efficiency’, American Economic Review, 61, pp. 8-27, 7. ‘Optimal Taxation and Public Production II: Tax Rules’, American Economic Review, 61, pp. 261-78, 8. ‘Differential Taxation, Public Goods, and Economic Efficiency’, Review of Economic Studies, 37, pp. 151-74, 9. ‘Richard T. Ely Lecture: The Economics of Resources or the Resources of Economics’, American Economic Association, 64, pp. 1-14, 10. ‘Stationary Ordinal Utility and Impatience’, Econometrica, 28, pp. 287-309, 11. ‘Optimum Growth when Technology is Changing’, Review of Economic Studies, 34, pp. 95-124, 12. ‘The Optimal Depletion of Exhaustible Resources’, Review of Economic Studies, 41, pp. 3-28, 13. ‘Intergenerational Equity and Exhaustible Resources’, Review of Economic Studies, 41, pp. 29-45, 14. 'On Some Alternative Criteria for Justice between Generations’, Journal of Public Economics, 3, pp. 405-23, 15. ‘An Axiomatic Approach to Sustainable Development’, Social Choice Welfare, 13, pp. 231-57. 297, 16. ‘Preferences for Life Saving Programs: How the Public Discounts Time and Age’, Journal of Risk and Uncertainty, 8, pp. 243-65, PART III. THE SHADOW PRICE OF CAPITAL APPROACH, 17. ‘Constraints on Government Investment Opportunities and the Choice of Discount Rate’, American Economic Review, 65, pp. 887-99, 18. ‘Federal Discount Rate Policy, the Shadow Price of Capital, and Challenges for Reforms’, Journal o f Environmental Economics and Management, 18, pp. S-29-S-50, 19. ‘Perspectives on Government Discounting Policies’, Journal of Environmental Economics and Management, 18, pp. S-65-S-71, 20. ‘On the “Environmental” Discount Rate’, Journal of Environmental Economics and Management, 26, pp. 200—209, 21. ‘Reassessing the Government’s Discount Rate Policy in Light of New Theory and Data in a World Economy with a High Degree of Capital Mobility’, Journal o f Environmental Economics and Management, 18, pp. S-8-S-28, PART IV. DISCOUNTING AND EMERGING GLOBAL ENVIRONMENTAL ISSUES, 22. ‘Environmental Preservation, Uncertainty, and Irreversibility’, Quarterly Journal of Economics, 88, pp. 312-19, 23. ‘Discounting the Benefits and Costs of Environmental Regulations’, Journal o f Policy Analysis and Management, 9, pp. 381-90, 24. ‘The Golden Rule of Accumulation: A Fable for Growthmen’, American Economic Review, 51, pp. 638-43, 25. ‘A Neo-Classical Theorem’, Review o f Economic Studies, 29, pp. 219-26, 26. ‘Environmental Valuation under Sustainable Development’, AEA Papers and Proceedings, 82, pp. 473-77, 27. ‘Intergenerational Discounting’, Energy Policy, 23, pp. 395-401, Name Index

About the Author

Joel Scheraga