Theory of Temporal Imputation A Praxeological Reconstruction of Value, Capital and Price

This article proposes a praxeological reconstruction of economic theory based on the temporal structure of human action. Its central thesis is that value does not derive from the physical properties of goods or from the productive past, but rather from the allocation that the agent makes from the future end to the present means. Building on this relationship, the article examines time preference, cost, capital, interest and price as categories derived from the intertemporal coordination of individual plans. The paper distinguishes between physical time and praxeological time, engages with the Austrian tradition of capital and the literature on radical uncertainty, and specifies that indirect production only increases productivity when the means are entrepreneurially coordinated with valued future ends. The contribution lies in systematising economics as the science of purpose-oriented human time.