(1) they may provide a greater production of the same good per unit of time; or (2) they may allow the actor to consume goods that are not available at all with shorter processes of production.
Vamo Soko SAKOhas quoted5 months ago
Action requires an image of a desired end and “technological ideas” or plans on how to arrive at this end.
Vamo Soko SAKOhas quoted5 months ago
any given action, we can distinguish among three periods of time involved: the period before the action, the time absorbed by the action, and the period after the action has been completed.
Impressions
Olaoluwa Adejumoshared an impression2 years ago
👍Worth reading
This is a very good book.
It explains in details the flaws of Fractional reserve banking and how the Federal Reserve is the main cause of inflation and constant booms and bust it promise to fight.