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

Father Damien

... at the colony. He is the patron of lepers and outcasts, and was recently made the patron of AIDS patients. The world's only Catholic memorial chapel to victims of ...