
Human Action: A Treatise on Economics Part 1
Mises Audio Books Podcast
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The Economization of Time
Man is subject to the passing of time. He comes into existence, grows, becomes old and pass away. The economization of time has a peculiar character because of the uniqueness and irreversibility of the temporal order. Two actions of an individual are never synchronous. Their temporal relation is that of sooner and later. A man's individual actions succeed one another. They can never be effected at the same instant. There are actions which serve several purposes at one blow. People have often failed to recognize the meaning of the term scale of value.
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