Viewpoints
Opinion

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.

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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.