A philosopher’s guide to discounting

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dc.contributor.author Mintz-Woo, Kian
dc.date.accessioned 2021-05-17T14:01:03Z
dc.date.available 2021-05-17T14:01:03Z
dc.date.issued 2021-04
dc.identifier.citation Mintz-Woo, K. (2021) 'A Philosopher’s Guide to Discounting', in Budolfson, M., McPherson, T. and Plunkett, D. (eds)., Philosophy and Climate Change. Oxford: Oxford University Press. isbn: 9780198796282 en
dc.identifier.startpage 1 en
dc.identifier.endpage 19 en
dc.identifier.isbn 9780198796282
dc.identifier.isbn 9780198796282
dc.identifier.uri http://hdl.handle.net/10468/11334
dc.identifier.doi 10.1093/oso/9780198796282.003.0005 en
dc.description.abstract This chapter introduces several distinctions relevant to what is called the “discounting problem”, since the issue is how (future) costs and benefits are discounted to make them comparable in present terms. The author defends the claim that there are good reasons to adopt Ramsey-style discounting in the context of climate change: the Ramsey rule is robust, flexible, and well-understood. An important distinction involved in discounting—“descriptivism” and “prescriptivism”—is discussed. It is argued that, even if we adopt prescriptivism, and accept that this means there is need for moral experts in parameter assignments, there is a significant issue. The type of moral expertise required for the discounting problem will not involve knowledge of moral theory—thus making moral philosophy unhelpful in terms of making particular parameter assignments, despite these being substantive moral judgments. en
dc.description.sponsorship Austrian Science Fund (FWF, under research grant W 1256-G15 (Doctoral Programme Climate Change Uncertainties, Thresholds and Coping Strategies) en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Oxford University Press en
dc.relation.ispartof Philosophy and Climate Change
dc.relation.uri https://oxford.universitypressscholarship.com/view/10.1093/oso/9780198796282.001.0001/oso-9780198796282-chapter-5
dc.rights © 2021. Reproduced by permission of Oxford University Press. This is an Accepted Manuscript of a book chapter published by Oxford University Press in Philosophy and Climate Change, April 2021, available online: https://oxford.universitypressscholarship.com/view/10.1093/oso/9780198796282.001.0001/oso-9780198796282-chapter-5 en
dc.subject Ramsey Rule en
dc.subject Climate economics en
dc.subject Cost-benefit analysis en
dc.subject Discounting en
dc.subject Equality en
dc.subject Ethics en
dc.subject Moral expertise en
dc.subject Climate change en
dc.title A philosopher’s guide to discounting en
dc.type Book chapter en
dc.internal.authorcontactother Kian Mintz-Woo, Philosophy, University College Cork, Cork, Ireland. +353-21-490-3000 Email: kian.mintz-woo@ucc.ie en
dc.internal.availability Full text available en
dc.check.info Access to this article is restricted until 24 months after publication by request of the publisher. en
dc.check.date 2023-04-01
dc.date.updated 2021-05-14T11:57:05Z
dc.description.version Accepted Version en
dc.internal.rssid 566120576
dc.contributor.funder Austrian Science Fund en
dc.description.status Peer reviewed en
dc.internal.copyrightchecked No
dc.internal.licenseacceptance Yes en
dc.internal.placepublication Oxford en
dc.internal.IRISemailaddress kian.mintz-woo@ucc.ie en

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