; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "The Social Discount Rate"; ; "batchuser@example.com"; "Leahy, John", "Caplin, Andrew"; "Federal Reserve Bank of Minneapolis"; "D60 - Welfare Economics: General"; "In welfare theory it is standard to pick the consumption stream that maximizes the welfare of the representative agent. We argue against this position, and show that a benevolent social planner will generally place a greater weight on future consumption than does the representative agent. "^^; "2001-01-01"; "2019-05-21T16:20:03.772538568+00:00"^^; "https://doi.org/10.21034/dp.137"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Apr 22 16:39:15 2020"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "442", "117"; "Discussion paper (Federal Reserve Bank of Minneapolis. Institute for Empirical Macroeconomics)"; "137"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Institute for Empirical Macroeconomics"; "Published in: _Journal of Political Economy_ (Vol. 112, No. 6, December 2004, pp. 1257-1268) https://doi.org/10.1086/424740."^^; ; "Publication" . ; .