Ludwig von Mises: "Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit." - Theory and History
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|Ludwig von Mises||Man is subject to the passing of time. He comes into existence, grows, becomes old, and passes away. His time is scarce. He must economize it as he economizes other scarce factors.||Human Action|| p. 101; p. 101||Time
|Ludwig von Mises||Time for man is not a homogenous substance of which only length counts. It is not a more or a less in dimension. . . . It is an irreversible flux the fractions of which appear in different perspective according to whether they are nearer to or remoter from the instant of valuation and decision.||Human Action|| pp. 480-81; p. 483||Time
|Ludwig von Mises||The value of time, i.e., time preference or the higher valuation of want-satisfaction in nearer periods of the future as against that in remoter periods, is an essential element in human action. It determines every choice and every action.||Human Action|| p. 490; p. 493||Time