In this paper I offer a fairly complete account of the idea of social discount rates as applied to public policy analysis. I show that those rates are neither ethical primitives nor observables as market rates of return on investment, but that they ought instead to be derived from economic...

Prof. Partha Dasgupta The demand for green national accounts has been prompted by the recognition that contemporary accounts are an unsatisfactory basis for economic evaluation. This paper provides an outline of what would ideally be needed for a comprehensive set of national accounts. National...

This paper is about net national product (NNP). We are concerned with what NNP means, what it should include, what it offers us and, therefore, why we may be interested in it. We show that NNP, properly defined, can be used as a gauge for project evaluation, but we also show that it should not...