Abstract

This chapter surveys some of the issues that arise in policy making when the wellbeing of future generations must be taken into account. It analyses the discounting of future wellbeing, and considers whether it is permissible. It argues that the effects of policy on the number of future people should not be ignored, and it considers what is an appropriate basis for setting a value on these effects. It considers the implications of the non-identity effect for intergenerational justice and for the Pareto principle.