I didn’t follow the links, but how did Bentham and Mill think about future utility?
Bentham was nonzero discount apparently (fn6). (He used 5% but only as an example.)
Mill thought about personal time preference (and was extremely annoyed by people’s discount there). Can’t see anything about social rate of discounting.
I didn’t follow the links, but how did Bentham and Mill think about future utility?
Bentham was nonzero discount apparently (fn6). (He used 5% but only as an example.)
Mill thought about personal time preference (and was extremely annoyed by people’s discount there). Can’t see anything about social rate of discounting.