The Importance of Economizing

There is no opting out of economics and economic choice except through death. You may not like specific institutions such as private property or labor, but choosing to not engage in them simply excludes you from larger, more productive circles of economic activity. Everyone engages in economizing acts every day of their lives without having to learn economics. The ultimate trade-off we all face is that our time can be spent on leisure enjoying things we like, or it can be spend on economic activity with the aim of increasing the length and value of our time. All of these economic tools share one thing in common: They are peaceful and everyone involved thus so of their own volition.