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Time, Capital, and Civilization | The Song Series | Episode 1 (WiM080)
The "What is Money?" Show
What Is the Difference Between Low Time Preference Behavior and High Time Preferential Behavior?
High time preference behavior is what a christian would call prudence right, like being wise about time and thinking ahead. But that's just one aspect. There are other aspects of virtue that also need to be present in order for civilization to really emerge. Those include stuff like justice and fortitude and and temperance. It's possible to be prudent, but not just right,. In that case, it would also be kind of dicivilizing.
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