Discounting for Future Costs and Benefits: Economic versus Social Evaluation of Projects
12 Pages Posted: 21 May 2018
Date Written: January 1, 2017
Abstract
This paper argues that “payback method” for evaluating alternative investment opportunities on the basis of their potential for future gain is superior to discounting in the perspective of allocation of resources in an Islamic zero-interest-rate economy.
Suggested Citation: Suggested Citation
Keen, Steve, Discounting for Future Costs and Benefits: Economic versus Social Evaluation of Projects (January 1, 2017). Journal of King Abdulaziz University: Islamic Economics, Vol. 30, No. 1, 2017, Available at SSRN: https://ssrn.com/abstract=3179404
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