Everyone knows time is precious. Despite this, economics generally regards time as a unit of measurement rather than as something inherently valuable. While it is over a hundred years since Einstein’s theories of relativity revolutionised our concept of time, economics still labours under the old Newtonian conception of it as a fixed, intergalactic tape measure – until now. In Jam Tomorrow? Charles Crowson presents a new theory of value at the heart of which lies our ever-changing perception of time and recasts economics as the choice between our needs for the present and those for the future, between the micro and the macro.
Chaired by Marc Chapman
‘Jam Tomorrow? is an important exposition for why economists ought to think deeper about how we value the past, present and future.’ – Tej Parikh, economics leader writer at the Financial Times
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