Systems approach and Discounting: A need to think globally and act globally

نتاج البحث

ملخص

This paper argues against using the practice of discounting and shows that both the time preference and the opportunity cost of capital arguments, put forward to justify discounting, are in conflict when we take the holistic approach to the environment. Both the time preference and the opportunity cost concepts are the tools to support the institution of interest. Using hierarchical systems approach argument the paper emphasizes that in order to save the super hierarchical system (humanity as a whole and biosphere as a whole in our case) the capitalist economic system has to undergo into the release phase to allow renewal through the emergence of an ecological economy so that the humanity and global ecosystem may persist.

اللغة الأصليةEnglish
عنوان منشور المضيف2009 IEEE International Systems Conference Proceedings
الصفحات104-109
عدد الصفحات6
المعرِّفات الرقمية للأشياء
حالة النشرPublished - 2009
الحدث2009 IEEE International Systems Conference - Vancouver, BC
المدة: مارس ٢٣ ٢٠٠٩مارس ٢٦ ٢٠٠٩

سلسلة المنشورات

الاسم2009 IEEE International Systems Conference Proceedings

Other

Other2009 IEEE International Systems Conference
الدولة/الإقليمCanada
المدينةVancouver, BC
المدة٣/٢٣/٠٩٣/٢٦/٠٩

ASJC Scopus subject areas

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