TR 1070 Lecture 16: 3-8 Perspectives of Leisure and Play
5 Jun 2018
School
Department
Course
Professor
Know a normal supply curve
Good for all goods and services
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The first things we usually buy are what we need- due to our rationality
Typically the first thing is food, shelter, clothing, etc.
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There's increasing wages until we reach equilibrium
People began buying back their time
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Utility is marginal
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Market place is in terms of utility vs leisure
Economists talk about the choice and how much we value money in
what we can buy and what the market place it provides the leisure
is stuff outside of the market place and things that we cannot buy
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Abundance: moment you or I say we have enough money and can retire
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The end of shorter hours
Forgotten American dream is not the ending of the shorter hour process- the
ending of the expectation that short hours we would be happier is more
important
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Why did people choose to work shorter hours?
Economic explanation- workers wanted to protect wages and fight
off unemployment
Does NOT believe in
Working less= paid less
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Culture- more time to enjoy leisure and the best things in life that
are free
Does believe in this
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Business people were scared because people wanted shorter hours and lasted
half of the 1920's, with the idea of chronic work which lead to
New economic gospel of consumption is the idea that human beings
get new goods and services and want them so badly, they will
continue to work full time and would stabilize work hours
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Having luxuries usually took away from things that really matter and caused the
sins of the flesh
Took away from church and family
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Took luxuries that were sins and advertised new products that
persuaded people to buy them
Convinced people to work full time and leisure would
go away
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This is a new view of human nature
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Advertising did not matter at the beginning of 1920's and escalated- has not
stopped escalating
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John ryan
Fisher
Silver
3/8 Lecture Notes
Monday, March 19, 2018
3:08 PM
Document Summary
The first things we usually buy are what we need- due to our rationality. Typically the first thing is food, shelter, clothing, etc. Market place is in terms of utility vs leisure. Economists talk about the choice and how much we value money in what we can buy and what the market place it provides the leisure is stuff outside of the market place and things that we cannot buy. Abundance: moment you or i say we have enough money and can retire. Forgotten american dream is not the ending of the shorter hour process- the ending of the expectation that short hours we would be happier is more important. Economic explanation- workers wanted to protect wages and fight off unemployment. Culture- more time to enjoy leisure and the best things in life that are free. Business people were scared because people wanted shorter hours and lasted half of the 1920"s, with the idea of chronic work which lead to.
