Monday, December 31, 2018

Economics of Time

Today is the day when economists look at how the markets finish for the year, and look ahead to the next.

There are people who deal with money who like to say, “Time is money.” What if that were reversed? What if economists measured value only in terms of time, time that people spend and have? How would that change their perspective on value?

It's most likely only a thought experiment, but it would point to things of value beyond the value of money.

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