Time as no alternative a limited resource Cover Image

Час як безальтернативний обмежений ресурс
Time as no alternative a limited resource

Author(s): D. Yadranskyy
Subject(s): Economy, National Economy, Micro-Economics, Socio-Economic Research
Published by: Кіровоградський національний технічний університет
Keywords: no alternative; resource; time use; individual; opportunity; outcome; efficiency;

Summary/Abstract: The article deals with the crisis of the modern paradigm of analysis time in the modern economic processes. The purpose of this paper is the consideration of time as a resource base of economic and economic issues related to the exchange of time as there is no alternative resource exhausted by the individual.The article points out the impossibility of further development of economic science without regard to time in this capacity.. Focuses on the causes of the crisis of classical political economy of time, as it seen as productive resource. However, for the particular subject of the production process is certainly limited and non-renewable resource is time, in fact it is the only object of economic exchange. Education, qualification and other classic characteristics define the parameters of economic exchange, are derived from the time of the acquisition of these parameters. In this article described the causes and consequences of the analysis of time as a social and economic phenomenon in the modern economic processes.The results of theoretical analysis make it possible to consider the current economic exchange as the transfer of a single social and biological resources of the individual in the plane of economic relations. In this context, the process of setting prices is the exchange lifetime of a certain number of socio-economic benefits. While having no alternative, this exchange can be acquired for an individual character that can not be comprehended by the use of the existing economic theories.