Money as a measure of time
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Abstract
Over the years, researchers have been reflecting on the role of time in human life. The economy also views it as a unique and limited resource. However, money is defined as a tool that facilitates transactions. This work is an attempt to supplement economic thought in terms of comparing time and money. By analyzing the literature in the context of defining the concept of money and own analysis of pluralistic types of transactions, the deductive inference was made. The aim of the study is an attempt to prove that the object of economic exchange carried out with the use of money is human life in the form of time involved in obtaining a commodity. On the basis of such logical considerations, it was indicated that time is a concept much wider than money because time is the currency in transactions.
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