”If the desired ends could all be attained instantaneously in the present, then man’s ends would all be attained and there would be no reason for him to act.”
“Added to the leisure-labor element, the workers, without the capitalists, must wait for some time before earning the return, while they must give up their leisure in the present or in various periods earlier than the return is obtained. Time, therefore, is a critical element in production, and its analysis must pervade any theory of production.”
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