December 7, 2006 7:58PM 

# Dasgupta Corrected 

By [Jerry Taylor](https://www.cato.org/people/jerry-taylor) 

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I am deeply chagrined to see Brad DeLong [take me to the woodshed](http://delong.typepad.com/sdj/2006/12/brad_delongs_se.html) for mischaracterizing one aspect of [Prof. Parth Dasgupta’s criticism](https://www.cato.org/2006/11/29/dasgupta-vs-stern/) of the Stern Review on the Economics of Climate Change.

Prof. Dasgupta does not criticize Stern’s use of a 0.1% discount rate ([that’s Prof. William Nordhaus’ job](https://www.cato.org/2006/11/28/nordhaus-vs-stern/)) per se. He criticizes the use of that discount rate while *simultaneously* ignoring the difference in well-being between present and future generations. That was indeed the point of my post, but I inadvertently suggested that Prof. Dasgupta complaint resided in the discount rate.

*Mea culpa*.

##### Related Tags 

[Energy and Environment](https://www.cato.org/research/energy-environment) 

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