Abstract
In this chapter, the author presents a system for classifying time patterns as they influence economic activity. In constructing the system, he draws from ideas presented by Alfred Marshall and John Maynard Keynes. The periods Rohatinski proposes are based on changes in economic activity within each period, rather than calendar time, and range from the very short term, in which economic categories and other features of the model are unambiguous and fixed, to the very long term, in which the overall organisation and the entire pattern of the economic activity are changing.
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Notes
- 1.
François Quesnay , Analize ekonomske tablice. Vol. 17–18, Ekonomisti (Zagreb: Kultura, 1952).
- 2.
Adam Smith , An Inquiry into the Nature and Causes of the Wealth of Nations (Hampshire: Harriman House, 2007) 37.
- 3.
Ibid.
- 4.
Ibid.
- 5.
David Ricardo , On the Principles of Political Economy and Taxation. Chapter 4, On Natural and Market Price (Kitchener: Batoche Books, 2001) 54.
- 6.
Alfred Marshall , Principles of Economics. Unabridged eighth ed. (New York: Cosimo Classics, 2009) 288.
- 7.
Ibid., 305.
- 8.
Ibid., 289.
- 9.
Ibid., 285.
- 10.
Ibid., 313.
- 11.
Ibid., 314.
- 12.
Charles E. Ferguson and John P. Gould, Microeconomic Theory (Georgetown: Irwin-Dorsey International, 1975) 126.
- 13.
Edmund Malinvaud , The Theory of Unemployment Reconsidered (Hoboken: Wiley, 1977).
- 14.
Malinvaud, Unemployment Reconsidered, 9.
- 15.
Joost Van Doorn, Disequilibrium Economics (New York: Macmillan Studies in Economics, 1975) 76.
- 16.
See Axel Leijonhufvud , On Keynesian Economics and the Economics of J.M. Keynes (New York: Oxford University Press, 1968).
- 17.
John Maynard Keynes , The General Theory of Employment, Interest and Money (New Delhi: Atlantic Publishers and Distributors, 2008) 87–88.
- 18.
Ibid., 121.
- 19.
Ibid., 5.
- 20.
Ibid., 107.
References
Doorn, Joost Van. 1975. Disequilibrium Economics. New York: Macmillan Studies in Economics.
Ferguson, Charles E., and John P. Gould. 1975. Microeconomic Theory. Georgetown: Irwin-Dorsey International.
Keynes, John Maynard. 2008. The General Theory of Employment, Interest and Money. New Delhi: Atlantic Publishers and Distributors.
Leijonhufvud, Axel. 1968. On Keynesian Economics and the Economics of J.M. Keynes. New York: Oxford University Press.
Malinvaud, Edmond. 1977. The Theory of Unemployment Reconsidered. Hoboken: Wiley.
Marshall, Alfred. 2009. Principles of Economics. Unabridged 8th ed. New York: Cosimo Classics.
Quesnay, François. 1952. Analize ekonomske tablice. Vol. 17–18, Ekonomisti. Zagreb: Kultura.
Ricardo, David. 1817. On the Principles of Political Economy and Taxation. Kitchener: Batoche Books.
Schumpeter, Joseph. 1954. The History of Economic Analysis. New York: Oxford University Press.
Smith, Adam. 2007. An Inquiry into the Nature and Causes of the Wealth of Nations. Hampshire: Harriman House.
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Rohatinski, Ž. (2017). The Time Determination of Economic Activity. In: Time and Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-61705-3_13
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DOI: https://doi.org/10.1007/978-3-319-61705-3_13
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