Search Results for economics-without-time

Business & Economics

Economics without Time

Analytical time is an abstract idea in the minds of economists, which is related not to the unfolding of a sequence of events, but to the fulfilment of certain theoretical requirements. For example, the shortrun is defined by economists ...

Author: G. Snooks

Publisher: Springer

ISBN: 9780230373815

Category: Business & Economics

Page: 327

View: 387

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This is a book about real time in economics, a dimension increasingly unused by the leading edge of the profession. This, it is argued, has serious implications for economics role as the premier policy-advising source for national governments and international organisations. It is also a book about the great waves of economic change that are surging out of the distant past and into the future - waves of change that economists have failed even to identify let alone analyse. It however challenges economics to put its house in order before it is engulfed by this rising tide. But, the question is however, will economics have time?
1993-08-03 By G. Snooks
Economic history

The Lost Dimension

Author: Graeme Donald Snooks

Publisher:

ISBN: IND:30000022292340

Category: Economic history

Page: 32

View: 518

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1991 By Graeme Donald Snooks
Business & Economics

The Economics of Time and Ignorance

7 We are quite aware that there are important differences on the conception of time among Husserl, Bergson, James and Whitehead (the latter two are cited below). For our purposes these differences are not important.

Author: Gerald P O'Driscoll Jnr

Publisher: Routledge

ISBN: 9781134808892

Category: Business & Economics

Page: 300

View: 956

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The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
2002-09-11 By Gerald P O'Driscoll Jnr
Business & Economics

Longrun Dynamics

Longrun Dynamics is a ground-breaking work that begins where the author's Economics without Time (1993) left off.

Author: G. Snooks

Publisher: Springer

ISBN: 9780230599390

Category: Business & Economics

Page: 284

View: 410

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Longrun Dynamics is a ground-breaking work that begins where the author's Economics without Time (1993) left off. It employs the inductive method proposed by J.S.Mill to develop a general dynamic theory that integrates the separate disciplines of economic growth, economic fluctuations, and political decision-making. The central feature of this general theory is dynamic demand, which provides both a realist form for the model and a new explanation of macroeconomics variables. The general theory also provides an entirely new basis for policy and is designed to counter the influence of neo-liberalism in economic theory.
1998-04-08 By G. Snooks
Business & Economics

Time and Economics

Holland, 1978); and Alpha C. Chiang, Fundamental Methods of Mathematical Economics (New York: McGraw-Hill, 1974). 6. ... Simultaneity of activities of producers and consumers without any time period between production, sale, ...

Author: Željko Rohatinski

Publisher: Springer

ISBN: 9783319617053

Category: Business & Economics

Page: 259

View: 583

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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.
2017-10-09 By Željko Rohatinski
Business & Economics

Working time and unemployment From weakness in sales to economics crisis

Optimal and factual working time Working time and unemployment Weakness in sales and economic crisis Hans Herrmann Blauw. negotiations over working times and their assistants therefore do not have a great personal interest in shorter ...

Author: Hans Herrmann Blauw

Publisher: Cuvillier Verlag

ISBN: 9783736940802

Category: Business & Economics

Page: 132

View: 262

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It is obvious that unemployment has something to do with working time. But all the approaches to explaining unemployment have in common that they do not take into account the quantity of work per employee, as desired by suppliers and demanders, and therefore say little that is convincing about this ongoing problem. This study derives how the unemployment rate is connected with the working time. The questions are investigated theoretically and the results tested empirically using economic data for the USA, Japan and Germany from 1850 on. The optimal working time of the employee sinks when the wage rate or non-work income increase or working conditions deteriorate, and the factual working time is higher than optimal for the employee and lower than optimal for the company. The unemployment rate rises with an increasing difference of factual to optimal working time. If working time is not shortened when labour productivity increases, the unemployment rate can rise until the national income stagnates or decreases. In a total economy, savings can become so high that not enough profitable or at least amortisable investments in newly produced goods are possible. In that case, savings are left over and production no longer flows fully into consumption and investment. If more is then invested in assets, the economic circuit can slacken off even to the extent of economic crisis. Possible measures for remedy are discussed, the most effective being that the amount of saving is reduced or invested more in real goods. The economic crisis from 2007 is compared with that from 1929 and with later recessions. Because of the higher debt today the crisis has a larger potential than that from 1929. In Western industrialised countries it is combated predominantly by government loans to the financial industry. But the economic crisis is first and foremost a sales crisis, and cannot be remedied this way. A viable way to resolve it is to skim off the surplus savings by levying higher taxes on high incomes and speculative assets, to invest or consume them via the state, and to reduce the working time per employee.
2012-04-27 By Hans Herrmann Blauw
Business & Economics

The Future of Economics

Snooks, Graeme Donald, Economics Without Time: A Science Blind to the Forces of Historical Change (Ann Arbor, MI: University of Michigan Press, 1993). Solo, Robert A. and Charles W. Anderson (eds.), Value Judgement and Income ...

Author: M. Umer Chapra

Publisher: Kube Publishing Ltd

ISBN: 9780860376569

Category: Business & Economics

Page: 446

View: 213

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This profound book is a powerful yet balanced critique of mainstream economics that makes a forceful plea for taking economics out of its secular and occident-centred cocoon. It presents an innovative and formidable case to re-link economics with moral and egalitarian concerns so as to harness the discipline in the service of humanity. M. Umer Chapra is ranked amongst the Top 50 Global Leaders in Islamic economics (ISLAMICA 500, 2015) and has been awarded with two prestigious awards for his contributions to the field: Islamic Development Bank Award for Islamic Economics (1989) and the King Faisal International Prize for Islamic Studies (1989).
2016-07-04 By M. Umer Chapra
Biography & Autobiography

The Making of Modern Economics

The Theory of Political Economy, 5th ed. New York: Augustus M. Kelley. Keynes, John Maynard. ... Southern Journal of Economics 25:3 (January), 363–65. Koretz, Gene. 2000. ... Economics Without Time. Ann Arbor: University of Michigan ...

Author: Mark Skousen

Publisher: M.E. Sharpe

ISBN: 9780765628275

Category: Biography & Autobiography

Page: 512

View: 945

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Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and economist Mark Skousen has revised and updated this popular work to provide more material on Adam Smith and Karl Marx, and expanded coverage of Joseph Stiglitz, 'imperfect' markets, and behavioral economics.This comprehensive, yet accessible introduction to the major economic philosophers of the past 225 years begins with Adam Smith and continues through the present day. The text examines the contributions made by each individual to our understanding of the role of the economist, the science of economics, and economic theory. To make the work more engaging, boxes in each chapter highlight little-known - and often amusing - facts about the economists' personal lives that affected their work.
2015-05-18 By Mark Skousen
Economics

Principles of Economics

Nature has drawn no such lines in the economic conditions of actual life ; and in dealing with practical problems they ... The long In those broad inquiries which will occupy the remainder period or ness of outline . we LONG PERIODS AND ...

Author: Alfred Marshall

Publisher:

ISBN: HARVARD:32044014209019

Category: Economics

Page: 754

View: 501

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1890 By Alfred Marshall
Economics

Practical Economics

A Collection of Essays Respecting Certain of the Recent Economic Experiences of the United States David Ames Wells. ness . treasury to increase the issue to a million . No time or discretion is allowed to that officer .

Author: David Ames Wells

Publisher:

ISBN: UCAL:$B665865

Category: Economics

Page: 259

View: 111

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1885 By David Ames Wells

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