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From:
[log in to unmask] (J. Barkley Rosser, Jr.)
Date:
Fri Mar 31 17:19:10 2006
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----------------- HES POSTING ----------------- 
Dan, 
 
I thought of this literature too, as well as the classic, but mistaken, work by Irving
Fisher in his Theory of Interest.  But, unless I am mistaken, all of those are about how
one applies a rate of interest to the question of the optimal management of a forest, not
on how the growth rate of a forest enters into determining the interest rate.  I am not
sure there is any discussion of the latter, although there certainly is an old literature
of how the interest rate is partly determined by "productivity" in general, with some
references allowing elements of natural productivity into that, if not of the growth rate
of forests in particular.
 
Barkley Rosser 
 
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