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Review of Radical Political Economics
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Future Time in Microeconomics: An Alternate Approach to its Study

John F.M. McDermott

67 May St., Jamaica Plain, MA 02130; e-mail: johnmjp{at}verizon.net

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

Key Words: microeconomics • sale/purchase-in-time • competitive equilibrium • behavioral economics

Review of Radical Political Economics, Vol. 39, No. 4, 503-522 (2007)
DOI: 10.1177/0486613407306816
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