We were discussing cost-benefit analysis in EC 2003 last night, specifically the problem that occurs for environmental (and other long-lived social) concerns when we discount future costs and benefits.
As it happens, I found an article in my morning paper about just such a difficulty in the UK.
http://www.theguardian.com/commentisfree/2014/apr/22/price-natural-world-agenda-ignores-destroys
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