Discounting for Future Costs and Benefits: Economic versus Social Evaluation of Projects

12 Pages Posted: 21 May 2018

See all articles by Steve Keen

Steve Keen

Kingston University, London

Date Written: January 1, 2017

Abstract

This paper argues that “payback method” for evaluating alternative investment opportunities on the basis of their potential for future gain is superior to discounting in the perspective of allocation of resources in an Islamic zero-interest-rate economy.

Suggested Citation

Keen, Steve, Discounting for Future Costs and Benefits: Economic versus Social Evaluation of Projects (January 1, 2017). Journal of King Abdulaziz University: Islamic Economics, Vol. 30, No. 1, 2017. Available at SSRN: https://ssrn.com/abstract=3179404

Steve Keen (Contact Author)

Kingston University, London ( email )

Penrhyn Road
Kingston Upon Thames
London, KT1 2EE
United Kingdom

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