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Looking Back to the Future: Time Strata and Economic Analysis

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  • Michael Hüther

Abstract

In mainstream economics cultural differences, habits and mind-sets are considered to be reflected in the institutional setting. To reintroduce historical time, we combine the concept of path dependency with the concept of time strata; instead of explaining a fact isolated from its historical conditionality, the perspective moves from a contemporary phenomenon to several paths incorporated in it and questions their time-differentiated interlocking, mutual influence and conditioning. At the same time, the direction of the perspective changes: the path is analysed from today to yesterday. We use this approach to explain the particular current economic situation in Germany: namely, the strength in manufacturing and in global exports.

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  • Michael Hüther, 2018. "Looking Back to the Future: Time Strata and Economic Analysis," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 138(2), pages 89-116.
    • Handle: RePEc:dah:aeqsjb:v138_y2018_i2_q2_p89-116
    DOI: 10.3790/schm.138.2.89
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