Discounting The Future by Liliana Doganova

"Discounting The Future" by Liliana Doganova delves into how our perception and valuation of the future have been shaped by the concept of discounting. This practice involves assessing the worth of future events or resources based on their projected costs and benefits, which are then adjusted to reflect their present value. The book explores the historical and sociological roots of discounting, tracing its influence from the valuation of European forests in past centuries to modern economic theories and business strategies. Through various case studies, including investor disputes and drug development, Doganova highlights how discounting has become a crucial yet often overlooked tool in decision-making, urging readers to view it as a political technology that frames our understanding of the future.

The 190th greatest book of all time

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Total Points: 104

This book was first published in 2024

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