Negative Time Preference & the Czech Sugar Industry from 1896 to 1926

Jiří Rytina () and Adam Dittrich
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Jiří Rytina: VSE - Prague University of Economics and Business
Adam Dittrich: VSE - Prague University of Economics and Business

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Abstract: This study examines economic behavior in the Czech sugar industry (1896–1925) to test a qualitative assumption rooted in Austrian time preference theory. Using heuristic narrative content analysis, it develops an assumption model based on Mises' concept of positive time preference and applies it to institutional data from industry executive reports. Research identifies 15 instances deviating from the positive preference model, indicating potential negative time preference, especially after 1918. The findings suggest that negative time preference can emerge within institutional frameworks under specific historical conditions, particularly those shaped by Czech nation-building narratives and linked to broader social, political, and cooperative industrial objectives.

Keywords: time preference Ludwig von Mises Frank Fetter sugar industry Czech lands content analysis; content analysis; Czech lands; sugar industry; Frank Fetter; Ludwig von Mises; time preference (search for similar items in EconPapers)
Date: 2026-06-17
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