Page 12 - Azerbaijan State University of Economics

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

from the quantitative point of view there is direct relation between the mentioned movements.

The higher the speed of the movement the larger is the scale of the affected areas.
The “static” and “dynamic” models are not realistic for the economic time model. Although

both models are derived from the time flow process, they reflect the time flow only from certain

point of views. The economic time is neither in static not in dynamic conditions. The economic
time in all its reflections takes of spiral… Thus the attempt for comparison of this “spiral” with the

static and dynamic forms creates the great gap between the reality and methodology.
At the same time there are contradictions in form of substantial → relativist which is not of

current interest and had not actual power (from understanding point of view) during any
historical period. The mentioned above dilemma and speculative discussion have nothing to do

with the economic time. The economic time is not the “second”. It is the substance created by the

economic process and its “flow”, which is directly related with it by the means of causality
relations. There are at least two misleading points in this approach:

I. Economic time is the derivative from the astronomic time… However the interaction of
these two substances occurred only in their names. It is obvious that the economic time, its stages

and its flow have nothing to do with the millions of years before the neolith period. I would like to
ask the researchers in this realm, whether the astronomic and economic time coincide during this

period??? This is obvious misleading… There was not simply the economic time during this

period! The economic time is a “created time”. It starts from the economic events and processes…
II. Each economic system has its own economic time! This is one of the most wide spread

misleading. The formation of the economic system is the movement which starts after the

commencement of economic time flow. The economic time starts its flow far before the system
itself, even when hypothesis and idea about the system is forming:

The economic time takes the resources, factors and process flow direction from the first
and second rings of movement of idea → process→ system. The time is a feature which is

applicable to the “moving” substance: the economic cycle, economic wave and economic lag can
have different types of the economic time… the economic system is called “dynamic” based on

mentioned above movement. In other words, the “moving” is not a system, the system itself is

moved (cycle, wave and etc.). The type of the system is changing in this direction.
The economic system can be shown as a reservoir for different types of times with

different nature, direction and frequency. The deeper mentioned above “differences”, the more

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