Intertemporal Syndromes: Redistribution from the Future to the Present.
This chapter focuses on a particular type of policy failure, namely the sacrifice of future income for present gain. All societies and their governments face a trade-off between present and future consumption. Choices become sufficiently erroneous to be seen as a 'syndrome' if governments...
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| Format: | Book section |
| Language: | English |
| Published: |
Cambridge University Press
2007
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