Time - Revision history

Pesterbot: /* Links */External Links to Links, replaced: ==External links== → ==Links==

2011-06-21T19:23:50Z

Links: External Links to Links, replaced: ==External links== → ==Links==

← Older revision		Revision as of 19:23, 21 June 2011
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	{{Reflist}}		{{Reflist}}

	==~~External links~~==		==Links==
	* [[Wikipedia:Time\|Time]] on Wikipedia		* [[Wikipedia:Time\|Time]] on Wikipedia
	[[Category:Economic concepts]]		[[Category:Economic concepts]]

Six: /* Action and Time */

2010-12-11T12:06:49Z

Action and Time

← Older revision		Revision as of 12:06, 11 December 2010
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	All human life must take place in time. When a human being decides to [[Action\|act]], his goal, or ''end'', can be finally and completely attained only at some point in the future. If all ends could be reached immediately, there would be no need to act.		All human life must take place in time. When a human being decides to [[Action\|act]], his goal, or ''end'', can be finally and completely attained only at some point in the future. If all ends could be reached immediately, there would be no need to act.

	For 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. ~~All action aims at rendering conditions at some~~ time in the ~~future more satisfactory for~~ the ~~actor than they would have been without~~ the ~~intervention of~~ the action.		For any given action, we can distinguish between three periods of time involved: the period before the action, the time consumed when performing the action, and the period after the action has been completed. The relationship between the three identifiable periods of time - before, during, and after the action - is as follows: an actor attempts to improve his situation '''after''' the action relative to his situation '''before''' the action, by giving up his time '''during''' the action. In other words, the actor attempts to improve future conditions for himself by acting.

	A ~~man’s time is always [[Scarcity\|scarce]]. He~~ is not immortal; his time on earth is limited~~. Each~~ day of his life has only 24 hours in which he can attain his ends. Furthermore, all actions must take place through time. Therefore time is a means that man must use to arrive at his ends. ~~It is~~ a means ~~that~~ is ~~omnipresent in~~ all ~~human~~ action.<ref name="Rothbard_action">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1a.asp "Chapter 1-Fundamentals in Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-01.</ref>		A man is not immortal; his time on earth is limited, and in each day of his life has only 24 hours in which he can attain his ends. Thus, time is [[Scarcity\|scarce]]. Furthermore, all actions must take place through time. Therefore time is a means that man must use to arrive at his ends. As a means it is particularly unique, as it is required for all action; as discussed above, all action must take place through time. <ref name="Rothbard_action">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1a.asp "Chapter 1-Fundamentals in Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-01.</ref>

	{{See also\|Action}}		{{See also\|Action}}

Forgottenman: /* External links */Category:Economical Concepts --> Category:Economic concepts using AWB

2010-11-09T18:02:51Z

External links: Category:Economical Concepts --> Category:Economic concepts using AWB

← Older revision		Revision as of 18:02, 9 November 2010
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	==External links==		==External links==
	* [[Wikipedia:Time\|Time]] on Wikipedia		* [[Wikipedia:Time\|Time]] on Wikipedia
	[[Category:~~Economical Concepts~~]]		[[Category:Economic concepts]]

Pestergaines: 13 revisions: Importing pages from Autrian Economics Wiki.

2010-11-06T12:42:48Z

13 revisions: Importing pages from Autrian Economics Wiki.

← Older revision		Revision as of 12:42, 6 November 2010
(No difference)

0.0.0.0 at 21:25, 13 August 2010

2010-08-13T21:25:32Z

← Older revision		Revision as of 21:25, 13 August 2010
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	'''Time''' is present in every human [[action]] as a means that must be economized. All human life takes place in time.<ref name="Rothbard_Time">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1b.asp "Chapter 1-Fundamentals of Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-15.</ref> (See [[Wikipedia:Time\|here]] for many definitions.)		'''Time''' is present in every human [[action]] as a means that must be economized. All human life takes place in time.<ref name="Rothbard_Time">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1b.asp "Chapter 1-Fundamentals of Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-15.</ref> (See [[Wikipedia:Time\|here]] for many definitions.)

Pestergaines: Fixed links and some polish.

2010-01-10T13:21:17Z

Fixed links and some polish.

← Older revision		Revision as of 13:21, 10 January 2010
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	'''Time''' is present in every human [[action]] as a means that must be economized. All human life takes place in time.<ref name="Rothbard_Time">Murray N. Rothbard. [http://mises.org/rothbard/mes/~~chap1a~~.asp "Chapter 1-Fundamentals of Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-15.</ref> (See [[Wikipedia:Time\|here]] for many definitions.)		'''Time''' is present in every human [[action]] as a means that must be economized. All human life takes place in time.<ref name="Rothbard_Time">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1b.asp "Chapter 1-Fundamentals of Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-15.</ref> (See [[Wikipedia:Time\|here]] for many definitions.)

	<blockquote>''"Time is that quality of nature which keeps events from happening all at once. Lately it doesn't seem to be working."''<br />		<blockquote>''"Time is that quality of nature which keeps events from happening all at once. Lately it doesn't seem to be working."''<br />
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	The period from the beginning to the end of action is called the period of [[production]]. It is composed of the ''working time'' (when [[labor]] energy is spent ) and ''maturing time'' (where labor is not spent; long maturing periods are for example in agriculture or aging of wine). Production itself can have any number of stages, each taking time.<ref name="Rothbard_Time" />		The period from the beginning to the end of action is called the period of [[production]]. It is composed of the ''working time'' (when [[labor]] energy is spent ) and ''maturing time'' (where labor is not spent; long maturing periods are for example in agriculture or aging of wine). Production itself can have any number of stages, each taking time.<ref name="Rothbard_Time" />

			{{Main\|Production}}

	==Time preference==		==Time preference==
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	More production may be achieved with more time spent on it, by sacrificing leisure. The more a man labors, the less leisure he can enjoy. This loss is called the ''disutility of labor''.		More production may be achieved with more time spent on it, by sacrificing leisure. The more a man labors, the less leisure he can enjoy. This loss is called the ''disutility of labor''.

	Man will expend his labor as long as the [[marginal utility]] of the return exceeds the marginal disutility of the labor effort. A man will stop work when the marginal disutility of labor is greater than the marginal utility of the increased product provided by the effort.<ref name="~~Rothbard_Time~~" />		Man will expend his labor as long as the [[marginal utility]] of the return exceeds the marginal disutility of the labor effort. A man will stop work when the marginal disutility of labor is greater than the marginal utility of the increased product provided by the effort.<ref name="Rothbard_leisure">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1c.asp "8. Factors of Production: Labor versus Leisure"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-01.</ref>

	==References==		==References==

Pestergaines: Adjusted header.

2009-07-15T16:55:07Z

Adjusted header.

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			'''Time''' is present in every human [[action]] as a means that must be economized. All human life takes place in time.<ref name="Rothbard_Time">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1a.asp "Chapter 1-Fundamentals of Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-15.</ref> (See [[Wikipedia:Time\|here]] for many definitions.)

	<blockquote>''"Time is that quality of nature which keeps events from happening all at once. Lately it doesn't seem to be working."''<br />		<blockquote>''"Time is that quality of nature which keeps events from happening all at once. Lately it doesn't seem to be working."''<br />
	<small>Anonymous</small></blockquote>		<small>Anonymous</small></blockquote>
	'''Time''' is present in every human [[action]] as a means that must be economized.<ref name="Rothbard_Time">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1a.asp "Chapter 1-Fundamentals of Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-15.</ref> (See [[Wikipedia:Time\|here]] for many definitions.)

	~~All human life takes place in time.~~

	==Action and Time==		==Action and Time==

Pestergaines: Quote reformatted.

2009-06-27T21:14:07Z

Quote reformatted.

← Older revision		Revision as of 21:14, 27 June 2009
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	<blockquote>"Time is that quality of nature which keeps events from happening all at once. Lately it doesn't seem to be working."<br />		<blockquote>''"Time is that quality of nature which keeps events from happening all at once. Lately it doesn't seem to be working."''<br />
	<small>Anonymous</small></blockquote>		<small>Anonymous</small></blockquote>
	'''Time''' is present in every human [[action]] as a means that must be economized.<ref name="Rothbard_Time">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1a.asp "Chapter 1-Fundamentals of Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-15.</ref> (See [[Wikipedia:Time\|here]] for many definitions.)		'''Time''' is present in every human [[action]] as a means that must be economized.<ref name="Rothbard_Time">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1a.asp "Chapter 1-Fundamentals of Human Action"], ''[[Man, Economy and State]]'', online edition, referenced 2009-05-15.</ref> (See [[Wikipedia:Time\|here]] for many definitions.)

Pestergaines: Adjusting resource.

2009-06-27T21:10:50Z

Adjusting resource.

← Older revision		Revision as of 21:10, 27 June 2009
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	==External links==		==External links==
	* [[Wikipedia:Time\|Time]]		* [[Wikipedia:Time\|Time]] on Wikipedia
	[[Category:Economical Concepts]]		[[Category:Economical Concepts]]

Pestergaines: External links.

2009-06-27T21:09:59Z

External links.

← Older revision		Revision as of 21:09, 27 June 2009
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	Man will expend his labor as long as the [[marginal utility]] of the return exceeds the marginal disutility of the labor effort. A man will stop work when the marginal disutility of labor is greater than the marginal utility of the increased product provided by the effort.<ref name="Rothbard_Time" />		Man will expend his labor as long as the [[marginal utility]] of the return exceeds the marginal disutility of the labor effort. A man will stop work when the marginal disutility of labor is greater than the marginal utility of the increased product provided by the effort.<ref name="Rothbard_Time" />


	==References==		==References==
	{{Reflist}}		{{Reflist}}

			==External links==
			* [[Wikipedia:Time\|Time]]
	[[Category:Economical Concepts]]		[[Category:Economical Concepts]]