Economics and the Antagonism of Time: Time, Uncertainty, and Choice in Economic Theory

Presenting a rigorous examination of the place and significance of time in economic theory, Douglas Vickers takes up the interrelated issues of uncertainty, ignorance, and criteria of choice. In the discussion of these questions he explains that the conventional thought-forms of probability are not generally applicable to theory-building in economics. To remedy this he provides a completely new paradigm of choice.The extent to which time has influenced, or been excluded from, economic theor...