Future Time in Microeconomics: An Alternate Approach to its Study

John F.M. McDermott
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John F.M. McDermott: 67 May St., Jamaica Plain, MA 02130; e-mail: johnmjp@verizon.net

Review of Radical Political Economics, 2007, vol. 39, issue 4, 503-522

Abstract: The article is an immanent critique of mainstream microeconomics, particularly of its treatment of time. In support of that, a behavioral microeconomic paradigm is formulated. The article includes an analysis of sets of transactions that require positive time intervals for their completion such that they are not comprehended within Arrow-Hahn general equilibria criteria. JEL classification: B21, B41, D50

Keywords: microeconomics; sale/purchase-in-time; competitive equilibrium; behavioral economics (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:39:y:2007:i:4:p:503-522

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