This portion of labour which is used to meet an aim cannot be, at the same time, devoted to another.
Category: Opportunity costs
WEALTH.
Let us bless the obstacles that the high cost of fuel in our country puts in the way of the multiplication of steam engines.
ON VALUE.
No, in all justice, you set a price on your services, and I set one on mine. I am not forcing you; why should you force me?
MAN’S WANTS.
To bring a thing to its complete state of utility, the contribution of labor is in inverse ratio to the contribution of Nature.
XIV. – SOMETHING ELSE.
Did Robinson not see that the time he saved he could devote to doing something else?