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1990 | OriginalPaper | Buchkapitel

Time, Choice and Dynamics in Economics

verfasst von : O. F. Hamouda

Erschienen in: Unknowledge and Choice in Economics

Verlag: Palgrave Macmillan UK

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It is suggested in this chapter that the general outcome of social and economic activities is not the result of a smooth and stable pattern of behaviour, but is a result of momentarily balanced social forces. The interaction between individuals’ decisions and actions produces economic fluctuation in the short run, progressively inducing structural changes.

Metadaten
Titel
Time, Choice and Dynamics in Economics
verfasst von
O. F. Hamouda
Copyright-Jahr
1990
Verlag
Palgrave Macmillan UK
DOI
https://doi.org/10.1007/978-1-349-08097-7_8