Lowering of time preference can also be described as the lowering of entropy required to satisfy man's ends.
Entropy itself, if the information sufficient to control it is encapsulated privately at an actor's command, represents the homesteading of some part of nature, from which no actor or unit of capital or consumption good is necessarily distinct.
Login to reply
Replies (1)
Not to mention this limit mirrors the core principle of least action/optimum action unifying multiple fields in physics.
There may even be a direct relationship between Pareto optimality and dS=0 and therefore with F=ma.