Page 10 - Azerbaijan State University of Economics

A.I.Bayramov:Economic time from methodological point of view: anatomy of conceptual vision

the “frame” created by the global economic forces;

From the economic process context the specifics of the economic time can be shown in
the following way:

1) The economic time in any form has non-linear specifics. Non-linear form can be

explained from 2 views:
 Incongruence with the real time. We don’t talk only the part of real time which became

“economic”. Such translation does not exist and impossible. Simply this part of the real time,
unlike the physical time, has features of animate and conscious creature. Considering that the

economic time can attain the synchronization implies about its consciousness. It widely known
that the physical time cannot be synchronized.

Above mentioned facts can explain the non-linear form of the economic time.

 The non-linear features are also reflected in sub-levels of the meta-process. As we have
mentioned above the each level of the meta-process that its own inherent economic time. From this

point of view the non-linear features can be explained by the internal processes on each sub-level.
2) The inertness of the economic time as well as its speed has its own criteria and reflected in

them in different ways. It is widely known that the countries located in the south of Sahara desert are
within the pre-industrial period. If we would like to compare these countries with the developed ones

we can say that the economic time there falls behind for approximately 500 years and moreover the

economic time here is “stagnating”. However, if we compare it with their past such tough conclusion
cannot be derived… In other words, during the recent 500 years something has changed… From this

point of view the economic time is “moving”.

The same situation can be observed on economic micro-process (as well as mezzo- and
micro-processes). For example, if the economic growth in the country is in range of 25-30%, it

means that the economic time here is accelerated. However, if we take the formation of
information economy as a starting point the speed of the economic time will decrease significantly.

 Economic as well as a physical time are not the substances which exists independently. Its
existing forms are reflected only on real economic processes. The measurement unit of economic

time within the “inter-process” does not exist, in other words its materialization is principally

impossible. The “inter-process time” acts as part of the quality of the process. In other words, the
economic time is not in form of chronology, intervals and etc., it is reflected in quality of defined

resources and factors. The methodological problems are created specifically by the point.

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