This book explains complex scientific concepts using simple and understandable illustrations and practical examples. For example, the competition between countries in the world economy is compared to motor racing, time savings are illustrated through the example of a masquerade ball, and the cyclical effect of time on the economy is reflected through the prism of changing seasons. It presents amazing phenomena and processes of economic time, including 'economic vintage', 'the time machine in the economy', 'youth' and 'old age' of the economy, its 'growing up', 'the economic calendar', 'catching up', and 'forward-looking' development. This book will therefore be interesting not only to members of the scientific community but also to non-academic readers to everyone who wants to understand the nature of economic time.
Contents:
About the Author
Introduction
Time as an Economic Category Features and Problems of Study and Measurement: How Time Helps the Economy to Become Stable:
The Time Machine in the Economy The Problem of the Coexistence of Economic Systems at Different Stages of Development: The Time Has Come
Economic 'Vintage' The Nature of the Phenomenon and Methods of Measurement: Time Stood Still
Time as the Main Category of Modern Theory of Innovation Innovation vs Tradition: Time Has Changed
F Von Wieser's Theory of Lost Profits: Time as a Source of Alternatives
A Smith's Time Saving Theory: Time Should Be Saved
K Marx's Time Saving Law: Time Is the Basis of Saving
A Marshall's Time States: Time Is a Guarantee of Changes
Time Factor as a Source of Imbalance in the Process of Self-Organization of Economic Systems: Time Is Constant Movement
Present Indicators in the Modern Theory of Investment: Time Is a Source of Uncertainty
'Outdated Technologies' and 'Catch-Up Development' as Manifestations of Time in the Economy: Time Is Opportunity
Comparative Analysis of the Existing Time Theories and the Assessment of Their Applicability to the Modern Theory of Innovation: Time Is the Key to Innovations
Connection of Past, Present, and Future Development of Economic Phenomena and Processes in the Concept of 'Underdevelopment Whirlpools': How to Measure Economic Time:
The Concept of 'Underdevelopment Whirlpools' as a Manifestation of Temporary Imbalances in the Development of Economic Systems: Time is a Whirlpool
Methodology for Studying and Measuring 'Underdevelopment Whirlpools': Time Is Measurable
'Underdevelopment Whirlpools' as a Tool for Macroeconomic Analysis: Time Is a Method of Creation and Destruction
'Underdevelopment Whirlpools' as a Manifestation of Time Disproportions in the Development of the Modern World Economy: How Time Manifests Itself in the Economy:
'Underdevelopment Whirlpools' as the Indicator of the Time Lag Between Emerging and Advanced Economies: Time Is a Measure of Development
'Underdevelopment Whirlpools' in the System of Advanced Economies: Time Is a Measure of Victory
'Underdevelopment Whirlpools' of Emerging Economies: Time Is a Means of Avoiding Defeat
Application of the Concept of 'Underdevelopment Whirlpools' to Fill the Methodological Gaps of the Modern Theory of Innovation: How to Manage Time in the Economy:
Prospects and Ways to Overcome 'Underdevelopment Whirlpools' Depending on the Degree of Time Lag: Time is the Object of Management
Models for Overcoming 'Underdevelopment Whirlpools' in Emerging and Advanced Economies through the Lens of Their Time Lag and Economic Calendar: Time Is a Path of Development