* As an addendum, here’s another excerpt from Mises’ work:
“The expenditure of labor is deemed painful. Not to work is considered a state of affairs more satisfactory than working. Leisure is, other things being equal, preferred to travail. People work only when they value the return of labor higher than the decrease in satisfaction brought about by the curtailment of leisure. To work involves disutility.
Psychology and physiology may try to explain this fact. There is no need for praxeology to investigate whether or not they can succeed in such endeavors. For praxeology it is a datum that men are eager to enjoy leisure and therefore look upon their own capacity to bring about effects with feelings different from those with which they look upon the capacity of material factors of production. Man in considering an expenditure of his own labor investigates not only whether there is no more desirable end for the employment of the quantity of labor in question, but no less whether it would not be more desirable to abstain from any further expenditure of labor.”
I absolutely love this. Mises declares labor and leisure to be opposing economic categories and asserts this is a priori true. He doesn’t have to explain this; *it just is true.* A great mind at work here, people.
Except that this distinction is trivially easy to disregard! “Labor is painful and people avoid it except when they do literally the same exact activity for fun, without reference to the material output of the activity.” What an absolute clown.
11/11