Subexponantial Compound Interest: A Tool for Homo Curator?
摘要
Our ability to successfully fight major challenges of climate change is diminished by rising social and economic inequality. One important source of inequality can be identified in the formula of compound interest which describes unlimited growth of monetary assets and debts based on the law of exponential growth. The paper suggests a novel way to calculate compound interest in times of crisis based on a mechanism that could mitigate the effects of economic competition and help achieve sustainable life on our planet.