Discounting the Future: The Ascendancy of a Political Technology
Liliana Doganova, "Discounting the Future: The Ascendancy of a Political Technology "
English | ISBN: 1942130910 | 2024 | 336 pages | PDF | 77 MB
English | ISBN: 1942130910 | 2024 | 336 pages | PDF | 77 MB
A pioneering exploration of the defining traits and contradictions of our relationship to the future through the lens of discounting
Forest fires, droughts, and rising sea levels beg a nagging question: have we lost our capacity to act on the future? Liliana Doganova’s book sheds new light on this anxious query. It argues that our relationship to the future has been trapped in the gears of a device called discounting. While its incidence remains little known, discounting has long been entrenched in market and policy practices, shaping the ways firms and governments look to the future and make decisions accordingly. Thus, a sociological account of discounting formulas has become urgent.
Discounting means valuing things through the flows of costs and benefits that they are likely to generate in the future, with these future flows being literally
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