Page 16 - Azerbaijan State University of Economics

A.I.Bayramov:Economic time from methodological point of view: anatomy of conceptual vision

time from the modernism line point of view they are allocated as the following: archaic society

religious society modern society (only if the west-centralization approach was not applied).
We would like to note that the interpretation of the change of the socio-cultural and socio-

economic type of the society is based on extrapolation of modern time to pre-modernism and post-

modernism periods (our research is not exemption from this point of view). The understanding of
the economic time is based on qualitative analysis of value system of modernism, which is used ad

starting point of the mentioned system. There is only conclusion we can derive from the problem

described in form presented above: the time flow comes from simple to complex, from primary to
superior and each definite period can be accepted as the next stage in evolution. In other words, the

time being the linear upgrade line should be accepted as the evolution only. The past stage simply
disappears. The process can be shown in the following way using time terminology:

Archaic time Monotheist time Modernist time

-mythological One line regress One line progress
time
-cycle

Picture 3. The direction of the time

Reflected above flow was ruling till the post-modernism period.
There is linear model of the time in modernism (it was invented in Judaism at the first

time). The main religions – Christian, Judaism and Islam – are regressive. They come from the

ideal condition (paradise) to sin and ultimately to the end of the world.
The treatment of the economic time in the modern society changes significantly. The modern

society is directed to the future, the “present” is continuously tending for the “future” and this
activity is considered as imperative. The transfer to the modern society is a creation of quality of

socio-cultural and socio-economic situation, new values, formation of new horizons of the

development and massive update of the entire system. The most positive trends within the society
are innovations. The accelerated flow of the time with the positive direction within the modern

society is accepted as a progress. The modern society is based on the future and “breath” with its
innovations, it sees itself and the world around it in continuous development, dynamics and it

never stops; moreover all theories created during this period are based on optimism.

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