Spending Time: The Most Valuable Resource

Time is the ultimate scarce resource and thus quintessentially a topic for economics, which studies scarcity. Starting with the observation that time is increasingly valuable given competing demands as we have more things we can buy and do, Spending Time provides engaging insights into how people use their time and what determines their decisions about spending their time.



That our time is limited by the number of hours in a day, days in a year, and years in our lives means that we face con...