3,015 works, 150 years of economic thought. Each one summarized and searchable, with cited passages inside.
What connects buying a loaf of bread with founding a steel trust? In this journal article, Erich Voegelin treats both as investments that reshape the temporal pattern of human satisfaction. His target is economic theory that isolates goods and needs from the historically given situation in which people choose, consume, and provide for the future. Time, he argues, is not an empty container for economic events: it arises within the changing rhythms of enjoyment, satiety, and renewed need. This perspective makes familiar problems of value, capital, and interest look different—not least the assumption that a physically identical good remains economically identical at different dates. Readers can discover how a concrete account of consumption becomes a challenge to static valuation and to the restriction of economic initiative to entrepreneurs.