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Reconsidering The Concept Of Economic Time According To The Sustainable Development Paradigm

Author

Listed:
  • AILINCĂ, Alina Georgeta

    ("Victor Slăvescu" Centre for Financial and Monetary Research, Romanian Academy, Bucharest)

  • BĂLĂŞESCU, Florin

    ("Victor Slăvescu" Centre for Financial and Monetary Research, Romanian Academy, Bucharest)

Abstract

Time, a fundamental element of everyday life, has preoccupied for thousands of years the world of physics, theology, psychology, and universal philosophy. It may overlap or not over economic time. On the other hand, the concept of sustainable development presents itself as a solution to the ecological, economic, social and political crisis of today requiring reconsideration of the quantity and quality of natural and industrial resources and the reconciliation between social and economic progress and nature. To this end, in order to improve the methodological and instrumental palette of the economy, this article proposes a constructive theoretical analysis of some fundamental concepts that underlie the description of the economic process calibrated for the sustainable development paradigm: time, sustainable development, time-space coordination, economic process. Therefore, this article proposes to reconsider the concept of economic time from the perspective of the sustainable development paradigm providing a theoretical basis for other theoretical or organizational-operational developments related to the economic process.

Suggested Citation

  • AILINCĂ, Alina Georgeta & BĂLĂŞESCU, Florin, 2017. "Reconsidering The Concept Of Economic Time According To The Sustainable Development Paradigm," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 303-310.
    • Handle: RePEc:vls:rojfme:v:4:y:2017:i:1:p:303-310
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    References listed on IDEAS

    as
    1. Cristina TĂNĂSESCU & Vasile BRĂTIAN & Camelia OPREAN, 2011. "Time and Causality in the Economic Process – a Critical Approach Based on Consistency Criteria," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(554)), pages 65-74, January.
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      More about this item

      Keywords

      time; sustainable development; economic process;
      All these keywords.

      JEL classification:

      • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
      • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
      • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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