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The most fundamental constraint is limited time

Gary Becker

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Gary Becker
Age: 83 †
Born: 1930
Born: December 2
Died: 2014
Died: May 3
Blogger
Criminologist
Economist
Professor
Scientist
Sociologist
University Teacher
Pottsville
Pennsylvania
Gary Stanley Becker
Fundamentals
Time
Constraint
Constraints
Limited
Fundamental

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Different constraints are decisive for different situations, but the most fundamental constraint is limited time.
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Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not wizards, they should not try.
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I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour
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