Time, Choice and Dynamics in Economics

  • O. F. Hamouda

Abstract

It is suggested in this chapter that the general outcome of social and economic activities is not the result of a smooth and stable pattern of behaviour, but is a result of momentarily balanced social forces. The interaction between individuals’ decisions and actions produces economic fluctuation in the short run, progressively inducing structural changes.

Keywords

Manifold Expense Production Line Ditioned Volatility 

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Copyright information

© Stephen F. Frowen 1990

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  • O. F. Hamouda

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