Reflections on Time Perspectives and Economics
Energy—its economics, its technology, its effects on the natural ecosystem and on the artificial one called civilization—has within it many different natural time perspectives, which lead to different opinions of what should be done. Should we plan for the short term or the long term? The plans will probably differ, and perhaps even conflict. What is a short or a long term? Different time perspectives involve different social groups. The selective involvement of, or inattention to, these various groups causes much of the difficulty with energy decisions, as already described in Chapter 1.
KeywordsInterest Rate Private Sector Discount Rate Time Perspective Target Country
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