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The Variable Time: crucial to understanding Knowledge Economics

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Author Info
Khumalo, Bhekuzulu

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Abstract

Though time is a concept mostly associated with physics and philosophy, the concept of time is important to be understood in the discipline of economics. This paper attempts to highlight the importance of time in economics, particularly in knowledge economics, the discipline of economics that looks into the primary commodity, knowledge. The paper attempts to take into account the non linear time concepts that have been very important since Einstein published his papers back in 1905. Without understanding time in a comprehensive manner, it is not possible to have a firm grip on the process of the economic progression of all societies. A theory must hold true in all societies, the characteristics of time must be the same in all societies, as an atom must behave the same in similar laboratory conditions in all societies. This paper will illustrate that without understanding the variable time, it is not possible to fully comprehend knowledge economics.

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File URL: http://mpra.ub.uni-muenchen.de/9643/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 9643.

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Date of creation: 19 Jul 2008
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Handle: RePEc:pra:mprapa:9643

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Related research
Keywords: knowledge economics; knowl; time dilation; relativity; time reversal; progression; marginal gain in knowledge; average gain in knowledge;

Find related papers by JEL classification:
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
C60 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - General
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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This page was last updated on 2009-11-29.


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