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Economics in Real Time: A Theoretical Reconstruction (Advances in Heterodox Economics)
John Francis McDermott
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Description for Economics in Real Time: A Theoretical Reconstruction (Advances in Heterodox Economics)
Hardcover. A new model for contemporary economic behavior Series: Advances in Heterodox Economics S. Num Pages: 228 pages. BIC Classification: KCA; KCF. Category: (P) Professional & Vocational. Dimension: 230 x 157 x 23. Weight in Grams: 535.
By incorporating real time into the analysis of sales and purchases, the phenomena of product innovation, advertising and distribution, the provision of consumer credit, and, ultimately, the production of a changing workforce all become intrinsic to microeconomic analysis.
In mainstream economics the series of purchases, say, of a personal computer, then of software upgrades, peripherals, on-line services, and so on are analyzed as discrete transactions. McDermott instead links such purchases withing a "sale/purchase state" occupying the period beginning with the initial purchase of the PC and ending only when all of the PC's services have been exchanged to the buyer. ... Read more
Product Details
Format
Hardback
Publication date
2003
Publisher
University of Michigan Press
Condition
New
Series
Advances in Heterodox Economics S.
Number of Pages
228
Place of Publication
Ann Arbor, United States
ISBN
9780472113576
SKU
V9780472113576
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About John Francis McDermott
John McDermott is Professor Emeritus of the State University of New York and a member of the editorial board of the Review of Radical Political Economics. His books include Corporate Society: Class, Property, and Contemporary Capitalism. His work has appeared in the New York Review of Books, the Nation, and other venues. He now lives in the Boston area.
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