c162.
(7) The long view. Original: “A3.1 Low discount rate: Appropriators use a sufficiently low discount rate in relation to future benefits to be achieved from the resource.” Ostrom “Reformulating the Commons”, pp 22, 25, 27, 33 and 34.
1 | Oliver Goldsmith, dedication to “The Traveller”, 1764, in (1756–1774), The Complete Poetical Works of Oliver Goldsmith, p 4. For Aristotle and the particular, see Albert Jonsen and Stephen Toulmin (1988), The Abuse of Casuistry, prologue, especially p 19, and chapter 2. In book VI, chapter 5 of his Nicomachean Ethics, Aristotle explicitly distinguishes between variable principles (e.g., geometry) and the circumstances of a particular case; it is only the latter which are subjects with which prudence concerns itself: “Nobody deliberates about things that are invariable.” |