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University of Michigan Press Economics in Real Time: A Theoretical Reconstruction (Advances in Heterodox Economics)

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£78.36 £69.33 £71.30 £73.27 £75.24 £77.21 £79.18 22 February 2026 09 March 2026 25 March 2026 09 April 2026 25 April 2026

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Description

By incorporating real time into the analysis of sales and purchases, the phenomena of product innovation, advertising and distribution, the provision of consumer credit, and, ultimately, the production of a changing workforce all become intrinsic to microeconomic analysis. In mainstream economics the series of purchases, say, of a personal computer, then of software upgrades, peripherals, on-line services, and so on are analyzed as discrete transactions. McDermott instead links such purchases withing a "sale/purchase state" occupying the period beginning with the initial purchase of the PC and ending only when all of the PC's services have been exchanged to the buyer. In transforming the analysis of contemporary sales and purchases, Economics in Real Time draws a radically diferent picture of the terrain of a modern economy. John McDermott is Professor Emeritus of Labor Studies at the State University of New York, Old Westbury.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
16 December 2003
Listed Since
13 February 2007

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