Page 24 - Azerbaijan State University of Economics

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

expansions of the scopes, or in other words, it is the effect created by different levels of the

economy (from development and expansion points of view).
At the same time, we should consider the errors which can take place during the

application of unambiguously stated limitation factors:

The economy is not divided into the sections with various levels, it has functional
features. There is not identity like various levels = various speeds! In contrast, from the certain

economic substance point of view various speeds mean not only expansion of the scale but also
creation of deeper changes related with speed and is hardly resolved.

At the same time, the equality within the system does not mean the necessity of the effect
mentioned above. The change of inter-system elements and equity between the development

temps can create the effect of various levels and be the reason for the change of the socio-

economic type of the society, only if:
1. All changes in the society have isomorphic structural feature;

2. There is priority of elements, which bring the system to the “future”: there is no need for
proof that the transfer to the new society type (post-industrial) is impossible by the means of the

traditional methods. It is impossible to transfer to new society type with the speed of the traditional
flow. Unless the portion of the services reaches 2/3 of total GDP the qualitative changes in society

life are impossible. The conceptual change in labor, capital and other values does not incur and as a

result the industrial society goes into the inertia, which results into the stagnation.
On other hand, there is no relation between the effect of variety in the economy and the

age of the economy.

The human capital – transfer to “new” time
The monetary reflection of the utilization of the human capital is final salary amount.

The salary can be reflected as structural function of economic time:
S = f (W t, P, T e)

Here: W t – the length of the working time of the economic entity;
P – the productivity of the working time;

T e– the structure of time expenditures

Similarly all other economic categories can be reflected by the means of the time.
Even approaching from the mentality of the post-industrial type of the society the

correlation form does not change… however the nature of the functional dependence is changed.

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