In this paper I wish to present a way of thinking about what the rate of discount ought to be for evaluating projects within the public sector. The conclusion of my analysis is that there is not a convincing case that the social rate of time preference ought to be used. Nor is there a convincing...

Changes in the role of collective action at the international level, in the international economic environment, and, most importantly, our better understanding of economics in general require that we rethink the role of international financial institutions (IFIs). For multilateral development...