ABSTRACT

Time is probably the concept that has received least attention in the social sciences. The most likely reason for this is that there is a specific discipline – history – that addresses the passage of time and events and periods considered significant. The historical perspective may be applied to any area of study, including the economy of course, but it tends to carry with it the traditions of history as a discipline focusing on epochs, civilizations, empires, major events such as war, political and economic power and changes related to them.