The Social Rate of Discount and The Optimal Rate of Investment

Stephen A. Marglin

657 citations0/0 files storedThe Quarterly Journal of Economics

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Capital Investment and Risk Analysis Economic Growth and Productivity Fiscal Policy and Economic Growth

Abstract

Introduction, 95. — The authoritarian answer, 96. — The schizophrenic answer, 98. — The interdependence answer, 99. — Determining the social rate of discount, 109. — Conclusion, 111.

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