Oddly enough, just yesterday I ran across a short article on the subject: Paul H. Rubin, “A Paradox Regarding the Use of Time,” in Readings in Labour Economics. Just glancing over it again, the argument seems at least roughly similar: ”...there is always some misallocation in consumer decision making resulting from consideration of time spent in decision making” and Rubin quickly mentions that the same issue ought to show up for firms in allocating management time. Another article in the same collection, “The Increasing Scarcity of Time,” Linder, criticizes most economic models for failing to account for the time required to engage in consumption. Linder wrote The Harried Leisure Class, and I found (most of) a recent review on Questia.
Interesting sidenote: Rubin also apparently wrote a 2002 book, Darwinian Politics: The Evolutionary Origin of Freedom, which is about, well, evolution and politics. Yet, a quick search seems to show he hasn’t come up on Less Wrong before.
Oddly enough, just yesterday I ran across a short article on the subject: Paul H. Rubin, “A Paradox Regarding the Use of Time,” in Readings in Labour Economics. Just glancing over it again, the argument seems at least roughly similar: ”...there is always some misallocation in consumer decision making resulting from consideration of time spent in decision making” and Rubin quickly mentions that the same issue ought to show up for firms in allocating management time. Another article in the same collection, “The Increasing Scarcity of Time,” Linder, criticizes most economic models for failing to account for the time required to engage in consumption. Linder wrote The Harried Leisure Class, and I found (most of) a recent review on Questia.
Interesting sidenote: Rubin also apparently wrote a 2002 book, Darwinian Politics: The Evolutionary Origin of Freedom, which is about, well, evolution and politics. Yet, a quick search seems to show he hasn’t come up on Less Wrong before.