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168. Available now: Principles of Economics!

The Bitcoin Standard Podcast

CHAPTER

The Eight Actions Humans Take to Economize

The second part of the book is called economy, which is about economic action. By economizing, it means how to improve the value of our time on earth and how to increase the quantity of time that we have on earth. And so chapter four discusses labor, which is the most obvious thing that we do to Economize. Property is another way to do it when you take property of objects and when we make them ours, we manage to economize more effectively. Capital is a very powerful concept. Technology is another one. We keep developing new ways of economizing new ways of carrying out modern activity,. That's what technological progress is. So these are the individual actions from chapters 4 to

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