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

relations and stagnation. As we have mentioned before the economic time is “manageable” and

“applicable for regulation”. Therefore notwithstanding the subjective reasons of the
“acceleration” (political, ideology and interests), it brings about nothing more than distortions.

The speed of the economic time is in negative correlation with the “weight” of the purpose of the
current society. It is not allowed to “load” the economic time more that it can carry out!

The causality link within the economic time model is considered not from 2 (as it referred
in some researches), but from 3 aspects:

Time flow

Linear causality Cyclic causality “Waved” causality

Time spiral

Picture 7. Time from causality perspective

The linear causality is the main refernece point for the modern time disclosure [V.V.Biryukov.

2000, p.17-18]. The time flow is directed from simple to complex, from primary to high level. Even

in second half of XX this approach was totally reversed. There is linear causality in the time flow of
the economic process… however it covers only very short period of time and relates only to certain

element of the system. Surely it is wrong to apply excessive abstraction to the linear causality.
Cyclic causality reflects the feedback received at the output point and reflects the repeated

“reversal”… and mast take place almost on all economic processes. However, not depending on

the length of the cycle, its separate existence does not reflect the real and adequate economic
process. Although the economic cycle and cycles are reflected as periods with its beginning and

ending, by their nature and substance it is an internal part of the economic “wave”. At the same
time the transfer from one cycle to another one determined the internal logic of this “wave”.

From this point of view the cyclic causality is in close relation with the direction, rhythm, scope

and speed of the “wave”. The “waved” causality is based on epochal changes. For example
during the transfer from agricultural economy to the industrial, then to post-industrial creates the

new economic wave and it created the relative smoothness of the spiral.

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