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In this text, Colin Price argues that the premises on which discounting is based are mistaken, the logic underlying it misconceived and the case for applying it in practice untenable. The early chapters review the traditional arguments for discounting - based on return on investment and human preference for immediate consumption - and finds them fatally flawed. The central part of the book examines in detail the underlying causes for value changes over time, and the effectiveness of conventional discounting in representing these changes. It covers physical, technological, psychological, financial, ethical and political factors. The final chapters suggest how resources may be valued and investments selected for the future benefit of this generation, and for that of future generations. This is, in sum, a contribution to a central debate in economics and public accounting, illustrated with a wide range of examples and cases. It raises issues which need to be addressed if economics is to claim ethical legitimation, and if resources are to be managed sustainably. It is fully referenced and indexed, and contains diagrams. The text should be suitable for students of environmental economics, resource economics and environmental science.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49591392272657,"sku":"GOR006288482","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0631179860.jpg?v=1751073881"},{"product_id":"vertical-take-off-book-colin-price-9781857882452","title":"Vertical Take-off","description":"The author describes how he became the architect of one of Britain's biggest corporate change programmes. Evans' initiative galvanized an internally divided, underperforming company into a stock market favourite. 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It introduces the theory of robotic kinematics, a discussion of robot control architectures, sensors, navigation, and robot vision. It is based on a standard two-wheel differential drive robot system and is therefore applicable to many commercial and in-house robot kits. The material is informed by contemporary robot technology.All software described in the book is non-commercial and freely downloadable from the internet.The book emerged from the author's teaching a second year University robotics course. It contains a mix of theory, examples, and suggestions for computer code. Learning and teaching resources which accompany the book chapters are freely available from the author, details for which are in the book. This book forms part of a series 'Breakfast with Dr.C' that started when he was teaching at the Catholic University of Leuven, Belgium.The author is currently Principal Lecturer Computing at the University of Worcester (UK) where he has been teaching for some twenty years. Prior to that he taught Physics at the Catholic Universiteit Leuven, Belgium. He is the author of over seventy academic journal and conference publications in computing, game design, and physics. 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Although much of the book's discussion is based upon natural resources and environmental economics, the author presents a wide and integrative view, drawing from aesthetic, psychological, social and political perspectives and applying a critical use of economic concepts and challenges to different schools of thought on the landscape. This new edition includes new ideas and critiques on environmental valuation; more focused critiques of stated preference methods, political alternatives to economic valuation, and of the rationale of discounting future values; and, new evaluative techniques, particularly price premia for products with a landscape provenance. For those interested in the theoretical aspects of aesthetic valuation, and for those who seeksolutions to practical problems of aesthetic conservation, amelioration and enhancement, this new edition gives an overview of evaluative techniques, of their potential problems and of possible solutions. 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