IDEAS home Printed from https://ideas.repec.org/a/bla/kyklos/v33y1980i2p219-229.html
   My bibliography  Save this article

Time In Economic Theory

Author

Listed:
  • Joan Robinson

Abstract

Everyday, in real life, the past is irrevocable and the future predicted with a margin of uncertainty. In a theoretical model, time can be frozen but it is a common error to confuse a comparison of static positions with a movement between them. E. H. Carr claims that historians and natural scientist are alike in having given up the search for grand ‘laws’ and are now content to try to learn ‘how things happen’. To improve the status of economics it is necessary to get rid of logical contradictions, which involves eliminating the concept of static equilibrium; to guard against conception by ideological prejudice and to use the study of history, as it unfolds, to check up on the hypotheses that theory suggests.

Suggested Citation

  • Joan Robinson, 1980. "Time In Economic Theory," Kyklos, Wiley Blackwell, vol. 33(2), pages 219-229, May.
    • Handle: RePEc:bla:kyklos:v:33:y:1980:i:2:p:219-229
    DOI: 10.1111/j.1467-6435.1980.tb02632.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-6435.1980.tb02632.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-6435.1980.tb02632.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ronald Schettkat, 2020. "Micro-Foundations of Diverging Economic Policies: Keynesian, Behavioural, Neoclassic," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 105-111, March.
    2. Ettore Gallo, 2022. "When is the long run?—Historical time and adjustment periods in demand‐led growth models," Metroeconomica, Wiley Blackwell, vol. 73(4), pages 1155-1178, November.
    3. Spahn Peter, 2009. "The New Keynesian Microfoundation of Macroeconomics," Review of Economics, De Gruyter, vol. 60(3), pages 181-203, December.
    4. Velázquez Orihuela, Daniel, 2023. "Distribución y crecimiento en economías abiertas: una explicación pos-kaleckiana," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 42(75), pages 17-43, January.
    5. Ipsen, Leonhard & Aminian, Armin & Schulz-Gebhard, Jan, 2023. "Stress-testing inflation exposure: Systemically significant prices and asymmetric shock propagation in the EU28," BERG Working Paper Series 188, Bamberg University, Bamberg Economic Research Group.
    6. Kronenberg, Tobias, 2010. "Finding common ground between ecological economics and post-Keynesian economics," Ecological Economics, Elsevier, vol. 69(7), pages 1488-1494, May.
    7. Víctor M. Fernández-Aguilera & Ignacio Amate-Fortes & Almudena Guarnido-Rueda, 2022. "Analysis of the Law of Falling Rate of Profit: European Case," Politická ekonomie, Prague University of Economics and Business, vol. 2022(2), pages 193-208.
    8. Ettore Gallo, 2023. "How Short Is the Short Run in the Neo-Kaleckian Growth Model?," Review of Political Economy, Taylor & Francis Journals, vol. 35(3), pages 687-701, July.
    9. Greg Hill, 1997. "History, Necessity, And Rational Choice Theory," Rationality and Society, , vol. 9(2), pages 189-213, May.
    10. Ettore Gallo & Mark Setterfield, 2022. "Historical Time and the Current State of Post-Keynesian Growth Theory," Working Papers 2204, New School for Social Research, Department of Economics.
    11. Daniel Vel zquez-Orihuela & Juan-Roberto Vargas-S nchez & Zeus Salvador Hern ndez-Veleros, 2019. "The Effect of Public Investment on the Cycle and Economic Growth: A Simple Theoretical Model," International Journal of Economics and Financial Issues, Econjournals, vol. 9(1), pages 37-50.
    12. Mora, Gonzalo Cómbita, 2014. "Entre el realismo y la abstracción: Una evaluación metodológica de la macroeconomía," Revista Tendencias, Universidad de Narino, vol. 15(2), pages 90-117, July.
    13. Ronald Schettkat & Sonja Jovicic, 2016. "Macroeconomic revolution on shaky grounds: Lucas/Sargent critique’s inherent contradictions," Schumpeter Discussion Papers SDP16005, Universitätsbibliothek Wuppertal, University Library.
    14. William J. Rieber, 2016. "Ludwig Von Mises’ Neoclassical Analysis of Dumping," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(4), pages 447-455, December.
    15. Kai D. Schmid, 2010. "Medium-run macrodynamics and the consensus view of stabilization policy," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 322/2010, Department of Economics, University of Hohenheim, Germany.
    16. Ronald Schettkat, 2018. "Animal Spirits - Die Verhaltensökonomischen Grundlagen der Keynesschen Theorie," Schumpeter Discussion Papers sdp18008, Universitätsbibliothek Wuppertal, University Library.
    17. Daniel Velázquez Orihuela & Diana Xóchitl González Gómez, 2016. "Impuestos y deuda pública: una relación paradójica," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 24(2), pages 7-28, October.
    18. Vienneau, Robert L., 2019. "Structural economic dynamics, markups, real Wicksell effects, and the reverse substitution of labor," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 216-226.
    19. Charles J. Whalen, 2020. "Post-Keynesian institutionalism: past, present, and future," Evolutionary and Institutional Economics Review, Springer, vol. 17(1), pages 71-92, January.
    20. Ronald Schettkat, 2018. "The Behavioral Economics of John Maynard Keynes," Schumpeter Discussion Papers sdp18007, Universitätsbibliothek Wuppertal, University Library.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:33:y:1980:i:2:p:219-229. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.