Hosted by David Beckworth of the Mercatus Center, Macro Musings pulls back the curtain on the important macroeconomic issues of the past, present, and future.
http://macromarketmusings.blogspot.com/
James Broughel on the Social Discount Rate
James Broughel is a senior research fellow at the Mercatus Center and an adjunct professor of law at George Mason University Law School. James specializes in state and federal regulatory procedures, cost-benefit analysis, and economic growth. He joins the show today to talk about a recent symposium he hosted on the social discount rate; what it is, its uses, and the controversy surrounding how to measure it. David and James also discuss cost-benefit analysis in the regulatory world and why the social discount rate matters for policy.
Transcript for the episode: https://www.mercatus.org/bridge/podcasts/03182019/discounting-future
James’ Twitter: @JamesBroughel
James’ Mercatus profile: https://www.mercatus.org/james-broughel
Related Links:
*The Social Rate of Time Preference and the Social Discount Rate* by Mark Moore and Adam Vining
https://www.mercatus.org/system/files/moore_and_vining_-_mercatus_research_-_a_social_rate_of_time_preference_approach_to_social_discount_rate_-_v1.pdf
*The Appropriate Measure of the Social Discount Rate and Its Role in the Analysis of Policies with Long-Run Consequences* by David Burgess
https://www.mercatus.org/system/files/burgess_-_mercatus_research_-_the_appropriate_measure_of_the_social_discount_rate_and_its_role_in_the_analysis_of_policies_with_long-run_consequences_-_v1.pdf
*The Unsettled Matter of Discounting the Future* by James Broughel
https://www.mercatus.org/publications/regulation/social-discount-rate/unsettled-matter-discounting-future
*Equity or Efficiency? The Battle for the Soul of Benefit-Cost Analysis* by James Broughel
https://www.mercatus.org/publications/regulatory-analysis/equity-or-efficiency-battle-soul-benefit-cost-analysis
Amazon link to James’ former band *Levy*: https://www.amazon.com/Levy/e/B001LHXCE2/ref=dp_byline_cont_music_1
David’s blog: macromarketmusings.blogspot.com
David’s Twitter: @DavidBeckworth