Discounted Cash Flow (DCF) and Net Present Value (NPV) analyses have long been part of the financial analyst's toolbox. By deciding on a discount rate and using that discount rate in some exponential equations it can be argued that future generations will be richer than us, so we can spend wantonly now. Or that something expensive is really quite cheap if we make a very small change in the discount rate.
This conference will examine the implications of discount rates on society's long-term decisions such as health, education, infrastructure, and the environment.
Supported by the Z-Yen Group
The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/are-you-interested-or-discounted-long-term-social-finance
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