Time Preferences

Some articles on time preferences, time, preference:

Monetary-disequilibrium Theory - Monetary-equilibrium, Loanable Funds and Interest Rates
... funds market while natural rate of interest corresponds to the time preferences of savers and borrowers as expressed in demand-supply presentation for loanable funds (r* in the figure) ... system is not a source of disturbance when there is monetary equilibrium but at the time of monetary disequilibrium the system becomes a source of disequilibrium by distorting the ... people's real willingness to save as determined by their time preferences ...
Austrian Business Cycle Theory - Assertions
... The preference by entrepreneurs for longer term investments can be shown graphically by using any discounted cash flow model ... The proportion of consumption to saving or investment is determined by people's time preferences, which is the degree to which they prefer present to future ... Thus, the pure interest rate is determined by the time preferences of the individuals in society, and the final market rates of interest reflect the pure interest rate plus or minus the entrepreneurial risk and ...
Austrian School - Theory - Business Cycles - Assertions
... The preference by entrepreneurs for longer term investments can be shown graphically by using any discounted cash flow model ... to saving or investment is determined by people's time preferences, which is the degree to which they prefer present to future satisfactions ... Thus, the pure interest rate is determined by the time preferences of the individuals in society, and the final market rates of interest reflect the ...

Famous quotes containing the words preferences and/or time:

    This is the great truth life has to teach us ... that gratification of our individual desires and expression of our personal preferences without consideration for their effect upon others brings in the end nothing but ruin and devastation.
    Hortense Odlum (1892–?)

    We stood talking for some time together of Bishop Berkeley’s ingenious sophistry to prove the non-existence of matter, and that every thing in the universe is merely ideal. I observed, that though we are satisfied his doctrine is not true, it is impossible to refute it. I shall never forget the alacrity with which Johnson answered, striking his foot with mighty force against a large stone, till he rebounded from it, “I refute it thus.”
    Samuel Johnson (1709–1784)