RECONSIDERING THE CONCEPT OF ECONOMIC TIME ACCORDING TO THE SUSTAINABLE DEVELOPMENT PARADIGM

Alina Ailincă () and Florin Bălăşescu
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Florin Bălăşescu: "Victor Slăvescu" Centre for Financial and Monetary Research, Romanian Academy, Bucharest

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 303-310

Abstract: Time, a fundamental element of everyday life, has preoccupied for thousands of years the world of physics, theology, psychology, and universal philosophy. It may overlap or not over economic time. On the other hand, the concept of sustainable development presents itself as a solution to the ecological, economic, social and political crisis of today requiring reconsideration of the quantity and quality of natural and industrial resources and the reconciliation between social and economic progress and nature. To this end, in order to improve the methodological and instrumental palette of the economy, this article proposes a constructive theoretical analysis of some fundamental concepts that underlie the description of the economic process calibrated for the sustainable development paradigm: time, sustainable development, time-space coordination, economic process. Therefore, this article proposes to reconsider the concept of economic time from the perspective of the sustainable development paradigm providing a theoretical basis for other theoretical or organizational-operational developments related to the economic process.

Keywords: time; sustainable development; economic process (search for similar items in EconPapers)
JEL-codes: A12 B40 Q01 (search for similar items in EconPapers)
Date: 2017
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