Temporal Economics

Temporal economics studies how time influences economic decision-making. It examines how individuals and organizations value present versus future benefits and costs, affecting choices like saving, investing, or consuming. For example, people might prefer spending now rather than saving for the future, or businesses invest today to reap profit later. Understanding these time-based preferences helps explain economic behaviors and policies related to savings, interest rates, and investments. Essentially, it highlights that time is a key factor shaping economic actions and outcomes.