Time, Choice and Dynamics in Economics

Omar. Hamouda

Chapter 8 in Unknowledge and Choice in Economics, 1990, pp 129-155 from Palgrave Macmillan

Abstract: Abstract It is suggested in this chapter that the general outcome of social and economic activities is not the result of a smooth and stable pattern of behaviour, but is a result of momentarily balanced social forces. The interaction between individuals’ decisions and actions produces economic fluctuation in the short run, progressively inducing structural changes.

Keywords: Causal Relation; Economic Dynamic; Logical Time; Present Event; Tensed Fact (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-08097-7_8

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