One cannot buy, rent or hire more time. The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it. Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time. All work takes place in, and uses up time. Yet most people take for granted this unique, irreplaceable and necessary resource.
Peter DruckerRelated topics
buy demand everything forever high hire matter necessary people perishable place price rent resource short substitute supply take time unique work yet usesRelated quotes
Unbelievers, those who believe with difficulty, or believe in part, are those who do not show their faith through works. Apart from works the demons also believe (cf. Jms. 2:19) and confess Christ to be God and Master. 'We know Who You are' (Mk. 1:24), they say, 'You are the Son of God' (Mt. 8:29), and elsewhere, 'These men are the servants of the Most High God' (Acts 16:17). Yet such faith will not benefit the demons, nor even humans. This faith is of no use, for it is dead.
Symeon the New Theologian
No matter how "right” you may be on various points, you must be diplomatic also. The first and important thing is not "rightness” at all, but Christian love and harmony. Most "crazy converts” have been "right” in the criticisms that led to their downfall; but they were lacking in Christian love and charity and so went off the deep end, needlessly alienating people around them and finally finding themselves all alone in their rightness and self-righteousness. Don't you follow them!...
Seraphim Rose
Be kinder than necessary because everyone is fighting their war or battle and suffering losses. Live simply, love generously, care deeply for the needs of your neighbour, speak softly... And leave the rest to the Lord. It is not faith, nor dogmatics, nor mysticism, nor ascetism, nor fasting, nor long prayers, but love that makes one a true Christian.
Everything becomes pointless without this fundamental thing - love for our neighbour.
Luke (Voyno-Yasenetsky)
The physiocrats started a train of thought which was a powerful stimulus to the development of a labour theory of value and surplus value. They did not, however develop such a theory of value themselves. What attention they gave to the problem of exchange-value and price produced results of an altogether different character. Thus while one of their contributions finds its continuation in Smith, Ricardo, and Marx, the other leads to the post-classical supply and demand and utility theories of value.
Eric Roll, Baron Roll of Ipsden
Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.
Jeffrey Tucker
