Metadata
- Author: Alex Tabarrok
- Full Title:: The Harried Leisure Class
- Category:: 🗞️Articles
- Document Tags:: Happiness,
- URL:: https://marginalrevolution.com/marginalrevolution/2023/06/the-harried-leisure-class.html?utm_source=substack&utm_medium=email
- Finished date:: 2023-09-15
Highlights
Winship and Horpedahl show that the cost of thriving is falling. It’s falling more slowly than we would like–but it’s still the case that current generations are, on the whole, better off than previous generations (View Highlight)
the Linder Theorem. Real GDP per capita has doubled since the early 1980s but there are still only 24 hours in a day. How do consumers respond to all that increased wealth and no additional time? By focusing consumption on goods that are cheap to consume in time (View Highlight)
As the opportunity cost of time increases, our concern about “wasting” our precious hours grows more acute. On balance, we are better off, but the blessing of high-value time can overwhelm some individuals, just as can the ready availability of high-calorie food. (View Highlight)