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Future Time in Microeconomics: An Alternate Approach to its Study

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

References

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


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This Article Abstract Free Full Text (Free PDF) Free Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Citing Articles via Scopus Google Scholar Articles by McDermott, J. F.M. Search for Related Content Social Bookmarking                         What's this?