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Time Irreversibility in Economic Theory

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dc.contributor.authorFaber, Malte-
dc.contributor.authorProops, John-
dc.date.accessioned2009-01-14T01:51:57Z-
dc.date.available2009-01-14T01:51:57Z-
dc.date.issued1989-
dc.identifier.citationSeoul Journal of Economics 2 (No. 2 1989): 109-130en
dc.identifier.issn1225-0279-
dc.identifier.urihttp://hdl.handle.net/10371/862-
dc.description.abstractThis paper tries to clarify the role time irreversibility plays in several areas of economics. To this end three types of time irreversibility and several conceptual elements of economic analysis are introduced such as Boundary Conditions, Objectives, Procedural Rationality. These are used to typify various economic schools of thought and to examine the roles of time irreversibility in the various schools. Some of these conceptual elements are then combined to give a framework for the analysis of long-term economic development, involving invention, production and interactions with the environment.-
dc.language.isoenen
dc.publisherSeoul Journal of Economicsen
dc.subjectboundary conditionsen
dc.subjectDisequilibrium modelsen
dc.subjectComputational Capacityen
dc.titleTime Irreversibility in Economic Theoryen
dc.typeSNU Journalen
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.02(2) (Summer 1989)
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