Low Time Preference Leads to Civilization

May 5, 2024 · 5m 19s
Low Time Preference Leads to Civilization
Description

Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader...

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Economists use time preference to explain the existence of interest, but the ability of people to postpone some present consumption in order to save for the future has much broader social ramifications. Original Article: Low Time Preference Leads to Civilization  
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Author Mises Institute
Organization Chad Parish
Website -
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