Encyclopedia > Intertemporal choice

Article Content

Intertemporal choice

Intertemporal choice is essentially the question of whether you consume something now or in the future.

The reason why it is important in economics is that the Austrian School explain an interest rate as the price borrowers pay to use money now rather than use it later, in other words the price for their intertemporal choice.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

1904

... - 1905 1906 1907 1908 1909 See also: 1904 in film 1904 in literature 1904 in music 1904 in sports Events: January 7 - The distress signal[?] "CQD" ...