Yes, Ramsey discounting focuses on higher incomes of people in the future, which is the part I focused on. I probably shouldn’t have said “main”, but I meant that uncertainty over the future seems like the first order concern to me(and Ramsey ignores it).
Habryka’s comment:
applying even mild economic discount rates very quickly implies pursuing policies that act with extreme disregard for any future civilizations and future humans (and as such overdetermine the results of any analysis about the long-run future).
seems to be arguing for a zero discount rate.
Good point that growth-adjusted discounting doesn’t apply here, my main claim was incorrect.
Yes, Ramsey discounting focuses on higher incomes of people in the future, which is the part I focused on. I probably shouldn’t have said “main”, but I meant that uncertainty over the future seems like the first order concern to me(and Ramsey ignores it).
Habryka’s comment:
seems to be arguing for a zero discount rate.
Good point that growth-adjusted discounting doesn’t apply here, my main claim was incorrect.