The unexpected origins of a modern finance tool
https://news.mit.edu/2024/unexpected-origins-modern-finance-tool-discounting-0606
Discounting calculations are ubiquitous today — thanks partly to the English clergy who spread them amid turmoil in the 1600s, an MIT scholar shows.
Related:
https://www.journals.uchicago.edu/doi/10.1086/728594
https://conversableeconomist.com/2024/06/12/net-present-value-solves-a-landlord-tenant-bargaining-problem-400-years-ago/
https://news.mit.edu/2024/unexpected-origins-modern-finance-tool-discounting-0606
Discounting calculations are ubiquitous today — thanks partly to the English clergy who spread them amid turmoil in the 1600s, an MIT scholar shows.
https://www.journals.uchicago.edu/doi/10.1086/728594
https://conversableeconomist.com/2024/06/12/net-present-value-solves-a-landlord-tenant-bargaining-problem-400-years-ago/