Philosophy Books and Journals from Cambridge University Press

Cambridge is widely regarded as one of the world’s premier publishers of philosophical research, having one of the most recognisable and distinguished books lists as well as a growing collection of leading journals. Our list brings a range of high-quality books by distinguished authors to readers at both student and specialist level. All periods and sub-areas of philosophy are covered, and the list is particularly strong in history of philosophy. For further details visit: cambridge.org/core-philosophy

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Cambridge’s economics list is renowned for the breadth and quality of its publishing. Our book list is home to the work of some of the most important economists in the history of the discipline, most notably John Maynard Keynes, as well as the work of almost 30 Sveriges Riksbank Nobel Prize laureates, including Kenneth Arrow, Herbert Simon, Robert Solow and Joseph Stiglitz. This is complemented by a cluster of key journals such as Econometric Theory, Journal of Economic History and Journal of Financial and Quantitative Analysis. For further details visit: cambridge.org/core-economics

Editors Aims and Scope MATTHEW ADLER, Duke University The disciplines of economics and philosophy each RICHARD BRADLEY, London School of Economics possess their own special analytical methods, the com- TILL GRÜNE-YANOFF, KTH Royal Institute of Technology bination of which is powerful and fruitful. Economics MARCO MARIOTTI, Queen Mary University of London and Philosophy seeks to promote the mutual enrichment ERIK SCHOKKAERT, Katholieke Universiteit Leuven of the two disciplines by publishing high-quality origi- nal research in all contemporary areas linking them, as ALEX VOORHOEVE (Book Review Editor), London well as relevant book reviews. Economics and Philosophy School of Economics only publishes articles that engage with issues that are RACHEL CARTER (Managing Editor), London of interest to both economists and philosophers. Advisory Board Topics include, but are not limited to, the foundations GIACOMO BONANNO, University of California, Davis of rational or behavioural decision theory and game LUC BOVENS, London School of Economics theory, the nature of rationality in general, issues at the GEOFFREY BRENNAN, Australian National University intersection of economics with moral, political, and social philosophy, experimental research on econom- JOHN BROOME, University of Oxford ics and philosophy, and the philosophy and methodol- MARC FLEURBAEY, Princeton University ogy of economics. Articles that employ mathematics FRANCESCO GUALA, University of Milan must be written in such a way that they are accessible DANIEL HAUSMAN, University of Wisconsin, Madison to readers with limited formal training. Economics and JAMES KONOW, Kiel University and Loyola Philosophy does not publish historical or text-interpre- Marymount University tive work unless it makes a contribution to current CHRISTIAN LIST, London School of Economics debates about economics and philosophy. FRANÇOIS MANIQUET, Université catholique de Louvain MICHAEL MCPHERSON, Spencer Foundation Journal Information PHILIPPE MONGIN, CNRS and HEC, Paris Further information about Economics and Philosophy, including instructions for preparing and submitting an FABIENNE PETER, University of Warwick article may be found by visiting http://cambridge.org/eap. WLODEK RABINOWICZ, Lund University All rights reserved. No part of this publication may be reproduced, in any form or by The journal only publishes articles in English. MARGARET SCHABAS, University of British Columbia any means, electronic, photocopying or otherwise, without permission in writing Unsolicited book reviews and critical notices are not con- BERTIL TUNGODDEN, Norwegian School of Economics from Cambridge University Press. Photocopying information for users in the USA: sidered. Publishers may send information about books and Business Administration for possible review to the Book Review Editor at econphil- The Item-Fee Code for this publication (0266–2671/2017 $12.00) indicates that PETER VALLENTYNE, University of Missouri, Columbia [email protected]. All other correspondence about the copying for internal or personal use beyond that permitted by Sec. 107 or 108 of the MARTIN VAN HEES, VU University Amsterdam journal should be directed to the Managing Editor at eco- U.S. Copyright Law is authorized for users duly registered with the Copyright JOHN A. WEYMARK, Vanderbilt University [email protected]. 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EU sub- 1 Liberty Plaza, Floor 20, New York, NY 10006, USA MICHAEL OTSUKA, London School of Economics scribers (outside the UK) who are not registered for vat 477 Williamstown Road, Port Melbourne, VIC 3207, Australia CLEMENS PUPPE, Karlsruhe Institute of Technology should add vat at their country’s rate. vat registered C/ Orense, 4, Planta 13 28020 Madrid, Spain MOZAFFAR QIZILBASH, University of York vat subscribers should provide their registration num- Lower Ground Floor, Nautica Building, The Water Club, Beach Road, JULIAN REISS, University of Durham ber. Japanese prices for institutions are available from Granger Bay 8005, Cape Town, South Africa MATHIAS RISSE, Harvard University Kinokuniya Company Ltd, P.O. Box 55, Chitose, Tokyo INGRID ROBEYNS, Utrecht University 156, Japan. Information on Economics and Philosophy and ARIEL RUBINSTEIN, Tel Aviv University all other Cambridge journals is available at cambridge. 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&Philosophy &

Volume 33 Number 3 November 2017 Phi Economics los ophy Regular Articles Philosophy Christian tarsney & Does a Discount Rate Measure the Costs of Climate Change? 337 Harrison P. Frye Incentives, Offers, and Community 367 Hilary Greaves Discounting for Public Policy: A Survey 391 J. Paul Kelleher Pure Time Preference in Intertemporal Welfare Economics 441 Reviews Peter Vanderschraaf Understanding Institutions: The Science and Philosophy of Living Together Volume by Francesco Guala 475 Esther-Mirjam Sent Imagined Futures: Fictional Expectations and

Capitalist Dynamics 33 Number by Jens Beckert 484 3 November

2017 pages 337–491

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