Abstract
The term ‘waiting’ was introduced by MacVane (1887) to replace the term ‘abstinence’ used by earlier economists. Both terms are so closely related that they will be discussed together.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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Hennings, K.H. (1987). Waiting. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1380-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1380-1
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