ERHUN KULA, a member of the New York Academy of Sciences, is Senior Lecturer in Economics at the University of Ulster. Widely published in journals of economics and environmental science, he is the author of four other books. He also teaches in the University of London's External Diploma and Master Programs and has held visiting professorships at the University of New Mexico and the University of Bosphorus.

• Preface and Acknowledgments General Introduction Theoretical Foundation of Ordinary and Modified Discounting Foundation of Discounting In Search of an Appropriate Discount Rate The Tyranny of an Untrue and Unjust Theory: Ordinary Discounting Modified, or Just, Discounting Application of Ordinary and Modified Discounting Methods to Real-Life Projects Economics of Nuclear Waste Disposal Cost-Benefit Analysis of Afforestation in the United Kingdom Cost-Benefit Analysis of an Agricultural Project: Arterial and Field Drainage Optimal Forest Rotation Problem Economic Appraisal of Transport Projects Appendix 1: The Ordinary Discount Factors Appendix 2: The Modified Discount Factors Bibliography Index

ERHUN KULA, a member of the New York Academy of Sciences, is Senior Lecturer in Economics at the University of Ulster. Widely published in journals of economics and environmental science, he is the author of four other books. He also teaches in the University of London's External Diploma and Master Programs and has held visiting professorships at the University of New Mexico and the University of Bosphorus.

• Preface and Acknowledgments General Introduction Theoretical Foundation of Ordinary and Modified Discounting Foundation of Discounting In Search of an Appropriate Discount Rate The Tyranny of an Untrue and Unjust Theory: Ordinary Discounting Modified, or Just, Discounting Application of Ordinary and Modified Discounting Methods to Real-Life Projects Economics of Nuclear Waste Disposal Cost-Benefit Analysis of Afforestation in the United Kingdom Cost-Benefit Analysis of an Agricultural Project: Arterial and Field Drainage Optimal Forest Rotation Problem Economic Appraisal of Transport Projects Appendix 1: The Ordinary Discount Factors Appendix 2: The Modified Discount Factors Bibliography Index

ERHUN KULA, a member of the New York Academy of Sciences, is Senior Lecturer in Economics at the University of Ulster. Widely published in journals of economics and environmental science, he is the author of four other books. He also teaches in the University of London's External Diploma and Master Programs and has held visiting professorships at the University of New Mexico and the University of Bosphorus.

• Preface and Acknowledgments General Introduction Theoretical Foundation of Ordinary and Modified Discounting Foundation of Discounting In Search of an Appropriate Discount Rate The Tyranny of an Untrue and Unjust Theory: Ordinary Discounting Modified, or Just, Discounting Application of Ordinary and Modified Discounting Methods to Real-Life Projects Economics of Nuclear Waste Disposal Cost-Benefit Analysis of Afforestation in the United Kingdom Cost-Benefit Analysis of an Agricultural Project: Arterial and Field Drainage Optimal Forest Rotation Problem Economic Appraisal of Transport Projects Appendix 1: The Ordinary Discount Factors Appendix 2: The Modified Discount Factors Bibliography Index