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Looking Back to the Future: Time Strata and Economic Analysis
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 138 (2018), Iss. 2 : pp. 89–116
2 Citations (CrossRef)
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Michael Hüther, German Economic Institute, Konrad-Adenauer-Ufer 21, 50668 Cologne, Germany.
Cited By
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Der lange Schatten der Hyperinflation
Hüther, Michael
List Forum für Wirtschafts- und Finanzpolitik, Vol. 46 (2021), Iss. 3 P.273
https://doi.org/10.1007/s41025-020-00203-2 [Citations: 3] -
Der amerikanische Traum ist ausgeträumt
Hüther, Michael
Wirtschaftsdienst, Vol. 100 (2020), Iss. 12 P.918
https://doi.org/10.1007/s10273-020-2797-x [Citations: 0]
Abstract
In mainstream economics cultural differences, habits and mind-sets are considered to be reflected in the institutional setting. To reintroduce historical time, we combine the concept of path dependency with the concept of time strata; instead of explaining a fact isolated from its historical conditionality, the perspective moves from a contemporary phenomenon to several paths incorporated in it and questions their time-differentiated interlocking, mutual influence and conditioning. At the same time, the direction of the perspective changes: the path is analysed from today to yesterday. We use this approach to explain the particular current economic situation in Germany: namely, the strength in manufacturing and in global exports.