The Social Rate of Discount and The Optimal Rate of Investment

1963/02/01 by Stephen A. Marglin · 666 citations
Economics, Econometrics and Finance · #Economic Theory and Institutions #Social discount rate #Investment (military) #Authoritarianism #Economics #Microeconomics #Financial economics #Political science #Cost–benefit analysis #Law #Democracy

paper · doi:10.2307/1879374

published in The Quarterly Journal of Economics 77(1), 95 (Oxford University Press)

openalex publication_date 1963/02/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/29

Abstract

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

Cited by

• DISCOUNTING FOR PUBLIC POLICY: A SURVEY
• Sustainable Consumption and the Quality of Life: A Macromarketing Challenge to the Dominant Social Paradigm
• Stephen Marglin [wikipedia]