13-5 Man prefers his end to be achieved in the shortest possible time (i.e., positive time preference)

“A fundamental and constant truth about human action is that man prefers his end to be achieved in the shortest possible time. The sooner any end is attained, the better. This is the universal fact of time preference. The less waiting time, the more preferable it is for him.”

Next:

• 13-5a The role of capital is to advance men in time toward their objective in producing consumers’ goods
• 13-6 Man reveals only a part of his value scale through actions

Related:

• 7-1d Create something simpler-faster-cheaper for things we’ve been doing for thousands of years
• 9-4b3e1 Concise explanations accelerate. It helps others understand you better and faster at all scales.