Man, Economy, and State with Power and Market

man prefers his end to be achieved in the shortest possible time.

action occurs in the present and is aimed at the future

unpredictability of human acts of choice, and insufficient knowledge about natural phenomena

Thus, the larger the supply of means available, the more ends can be satisfied and the lower the rank of the ends that must remain unsatisfied.

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.

Action requires an image of a desired end and “technological ideas” or plans on how to arrive at this end.

The time expended

4. Further Implications: Time

T

There is another unique type

Action takes place by