A review of the Gossenian approach to the theory of time allocation

Tran Nam, B 2011, 'A review of the Gossenian approach to the theory of time allocation', International Journal of Development and Conflict, vol. 1, no. 3, pp. 265-282.


Document type: Journal Article
Collection: Journal Articles

Title A review of the Gossenian approach to the theory of time allocation
Author(s) Tran Nam, B
Year 2011
Journal name International Journal of Development and Conflict
Volume number 1
Issue number 3
Start page 265
End page 282
Total pages 18
Publisher World Scientific Publishing
Abstract Today Hermann Heinrich Gossen is primarily known to economists as one of the forerunners of the Marginal Revolution. His other contribution to economic theory, namely, a theory of time allocation, is equally if not more significant but not widely cited by economists. Surprisingly this has remained the case despite the availability of several major papers (in English) on his contributions to economic ideas. Building on the work of others, this paper seeks to provide a biographical sketch of Gossen, examine why his work has been neglected, analyze his contribution to economic theory, and assess his influence on the discipline of economics. The paper incorporates discussions on the latest findings about Gossen himself, translations of his book and the implications of his laws for the theory of the evolution of customs.
Subject International Economics and International Finance
Keyword(s) Gossen
Kemp
Becker
Georgescu-Roegen
consumption time constraint
DOI - identifier 10.1142/S2010269011000166
Copyright notice © World Scientific Publishing Company
ISSN 2010-2704
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