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Time and Economics: The Concept of Functional Time

Željko Rohatinski

This book links the philosophical perception of time and Einstein’s theory of special relativity to economic processes, showing that the phenomena of time dilation and length contraction seen in physics can be identified within – and adapted to – an economic framework. The author expands on Marx’s model of reproduction with the additional variable of time, which is represented as a relative or functional category. In addition to allowing a more precise understanding of both static and dynamic relations between economic systems, this concept examines approaches to time proposed by Smith, Marshall and Keynes, and challenges the equilibrium and disequilibrium economic models. Rohatinski suggests that by understanding the differences in economic activity perceived across different time periods we are better able to influence that activity at micro- and macroeconomic levels. 

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Baskı Detayları

Yazar

Željko Rohatinski
İsbn 10

3319617044
İsbn 13

978-3319617046
Yayınevi

Palgrave Macmillan; 1st ed. 2017. baskı

dil

İngilizce
Boyutlar ve boyutlar

14,8 x 1,8 x 21 cm
Gönderen Time and Economics: The Concept of Functional Time

23 Ekim 2017
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