- Jul 2018
While interest and credit had been known and documented since 3000 BC in Babylonia, it was not until the late Middle Ages that the Christian Church slowly and almost surreptitiously changed its position on usury,6 which set time free for trade to be allocated, sold and controlled. It is against this back�round that we have to read the extr�cts from Benjar1_1in Franklin's text of 1736, quoted at length m chapter 2, which contains the famous phrases 'Remember, that time is money ... Remember that money begets money.'7 Clock time, the created time to human design, was a precondition for this change in value and practice and formed the perfect partner to abstract, decontextualized money. From the Middle Ages, trade fairs existed where the trade in time became commonplace and calculations about future prices an integral part of commerce. In addition, internatio�al trade by sea required complex calculations about pote�ual profit and loss over long periods, given that trade ships might be away for as long as three years at a time. The time economy of interest and credit, moreover, fed directly into the monetary value of labour time, that is, paid employme�t as an integral part of the production of goo?s and serv_1ce�. However it was not until the French Revolunon that the md1-vidual (�eaning male) ownership of time became enshrined as a legal right
Historical, religious, economic, and political aspects of how time became a commodity that could be allocated, sold, traded, borrowed against or controlled.
Benjamin Franklin metaphor: "time is money ... money begets money"
bels. To date, we have found that our subjects have a minimal ability, and almost no language, to discuss the vagaries of time. In general, people attempt to negotiate their subjective experiences of time through the assumptions of the dominant temporal logic outlined a
So true, in my study too.
Cite this graf.
Thedominant temporal logicalso conceptualizestime aslinear. In other words,one chunk of time leads to another in a straight progression. While chunks of time can be manipulated and reordered in the course of a day (or week, or month), each chunk of time has a limited duration and each activity has a beginning and an end. An hour is an hour is an hour, and in the course of a day (or a lifetime) hours stack up like a vector, moving one forward in a straightforward progression.
Definition of linear time.
WRT to temporal linguistics, linear time drives moving-ego and moving-time metaphors.
- language of time
- time metaphor
- porous time
- linear time
- temporal logic
- circumscribed time