Grosseteste was the first medieval writer to break with the ancient tradition of discounting refraction in the rainbow. In another way, however, Grosseteste is firmly bound to his predecessors' rainbows an experimentalist in principle, in practice he strays very little from the Aristotelian tradition of selective observation constrained by geometry. Furthermore, Grosseteste's rainbow theory often appeals to authority, leading historian Bruce Eastwood to remark: "When sources fail, he invents, and the invention is never contradictory to literary sources." (In fairness, Grosseteste made several observations about the rainbow that gainsaid ancient authority.)
Sexism is discounting the female experience of powerlessness; the new sexism is discounting the male experience of powerlessness.warren farrell
I am discounting reports of UFOs. Why would they appear only to cranks and weirdos?stephen hawking
I am an enemy to all banks discounting bills or notes for anything but coin.thomas jefferson
"India's bane is the profesional 'povertywallas': the politicians who have incessantly mouthed slogans such as 'garibi hathao' … and the economists who write continually about 'abysmal poverty'. Both have generally espoused policies, such as defending public sector enterprises at any cost, discounting and even opposing liberal reforms, promoting white-elephant style projects that use capital-intensive techniques on unrealistic grounds such as that they would create profits and savings when in fact they have drained the economy through losses..."
The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investmentskenneth boulding
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