[EconTalk] Daniel Hamermesh on Spending Time

Daniel Hamermesh on Spending Time

25/03/2019 by EconTalk: Russ Roberts

Web player: http://podplayer.net/?id=66192840
Episode: http://files.libertyfund.org/econtalk/y2019/Hamermeshtime.mp3

Economist and author Daniel Hamermesh of Barnard College and the Institute for the Study of Labor talks about his latest book, Spending Time, with EconTalk host Russ Roberts. Hamermesh explores how we treat time relative to money, how much we work and how that has changed over time, and the ways economists look at time, work, and leisure.

Listen Date: 2019-05-04


There’s only one major insight here, and it comes in the first few minutes – that as your income increases, but your time remains the same, your time becomes relatively more scarce, and therefore more valuable, and therefore you keep filling it up. And so rich people are busier than poor people, whether it’s with work or leisure.

The rest of the episode is mostly rambling on topics where I didn’t see a real connection to the original thesis.

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