Discipline founders once called discounting ethically indefensible and a polite expression for rapacity.

Evidence

Found ers of the discipline at one time expressed the view that any form of discounting is “ethically indefensible,” that it “implies only that our telescopic faculty is defective,” and that, at best, the practice serves as “a polite expression for rapacity and the conquest of reason by passion.” — Douglas A. Kysar, Regulating from Nowhere, 446

Categorization

• CANDY: Delightful quote-worthy historical fact about welfare economics founders condemning their own tool.
• XREF: connects to: Cost-benefit logic could portray human extinction as welfare maximizing — Douglas A. Kysar, Regulating from Nowhere: Environmental…, 435