The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investments


p. 793 cited in: Pedro Garcia Duarte (2010) "A Path through the Wilderness: Time Discounting in Growth Models" - The theory of the firm in the last ten Years, 1942

Internet Archive https://web.archive.org/web/20160304191733/http://...

Kenneth Boulding Quotes

The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital...

The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital...

The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital...

The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital...