To argue otherwise is to argue against the multiverse.
“Capital per se is not permanent (as endorsed by J.B. Clark, Frank H. Knight, and “neoclassical” economists)—the all-pervading influence of time is stressed in the period-of-production concept and in the determination of the interest rate and of the investment-consumption ratio by individual time-preference schedules.”
Related:
- 13-3 All action must take place in time
- 13-3a The use of the mathematical concept of function in a science of human action is inappropriate—because it disregards time and knowledge creation (i.e., the multiverse)
- 13-4b The multiverse implies the scarcity of time in each universe
- 13-4d Space and time are scarce for the individual, hence both are goods