Economists sometimes claim that generations cannot be treated equally. Some even argue that future generations must be given less weight than the present generation. Prof. Asheim will explain the basis for this claim and discuss ways in which it is still possible to balance present and future interests. In particular, new research within the field of social choice theory suggests ways to combine sensitivity to interests of the present with respect for the interests of the future.
Can generations be treated equally?
11 March 2011