TY - JOUR AU - Sachs, Ignacy AB - Ignacy Sachs values it is expended in offsetting the negative externalities generated by the functioning of the s y ~ t e m ) . ~ At the most fundamental level, development can thus be construed as a societal learning process through which people learn how to organize themselves for maximizing their opportunities of time for living, spent on psychologically rewarding and enriching activities. Time for living does not stand here for leisure as opposed to work: a challenging job is often a source of personal development, while the forced idleness of unemployed and the empty timeto-kill of the retired, seldom become creative. Time for living should rather be contrasted with time irreversibly lost in meaningless activities, spent in alienating work, or just allowed to pass because of lack of access t o the necessary means of production and/or social assets. Unemployment, overt and disguised, is certainly an important facet of maldevelopment, while full employment as such is not yet a sufficient condition for development. In this perspective, a social economy of time is needed as a theoretical support of development planning, dealing with all the uses of the time of the society, economic and extra-economic, organized through TI - Development, Maldevelopment and Industrialization of Third World Countries JF - Development and Change DO - 10.1111/j.1467-7660.1979.tb00057.x DA - 1979-10-01 UR - https://www.deepdyve.com/lp/wiley/development-maldevelopment-and-industrialization-of-third-world-MdmCs8AGhu SP - 635 VL - 10 IS - 4 DP - DeepDyve ER -