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Time Preference and the Seen and the Unseen

How basic economics can shed light on and improve the situation for Israel
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Time Preference and the Seen and the Unseen
People walk by photos of hostages held in the Gaza Strip by Hamas that hang on a wall in Jaffa Street in Jerusalem on May 20, 2024. Amir Levy/Getty Images
Walter Block
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Commentary

What is time preference? It is the rate of exchange between present and future desiderata.

Walter Block
Walter Block
Author
Walter E. Block is Harold E. Wirth Endowed Chair and Professor of Economics, College of Business, at Loyola University New Orleans.