Time and Marginal utility

I know it has been a very long time since I made an effort with regard to this blog, and it is a factor of two things, time and marginal utility…

Time:

Not many of us have a lot of time anymore. But time alone cannot be an excuse, because it is always possible to make time, it is always possible to stop doing one thing, and do another. So, rather then sleeping you could be visiting your girlfriend (like Heath!). Rather then working you could be at the TAB (Like dad!). Rather then calling your family you could be studying (like me :P). So, time is not an excuse, because a lack of time implies a lack of importance, which introduces our second concept…

Marginal utility:

The choices you make about time reflect, to a degree, your opinions of whats important, wahts enjoyable and whats urgent in the world. Geroge bush spends a lot of time talking rhetoric, rhetoric is important to Gerge Bush. John Howard spends a lot of time talking about whatever the hottest topic currently is (global warming) because wining elections is important to him. Unfortunately I have to admit that i have spent a lot of time recently glued to my computer working on my thesis because ithas been important, enjoyable and urgent! I’m sure my family understands!

So… is TV time more important, more urgent and more enjoyable then wahtever else you could be doing? Which ties in so well with opportunity costs… but maybe another time!

3 thoughts on “Time and Marginal utility

  1. We have the same amount of time as we used to. Problem is, we are all so obsessed with either death, money, success or time that we cram our little lives with so much activity – be it work or play – that we have no room for the seemingly “unimportant” things.Yes, it is a matter of prioritising. But the people around us, the ones we love and those who support us are the ones who make it possible to live the lives we live. Sometimes it’s tough, but we should make all attempts to show our appreciation by shpwing our interest in their lives.Towards the end money, success, time and even death won’t matter. Feeling loved and wanted is all any of us really want. And to recieve that you have to give it.Have a wonderful day ya all,Love Rhian

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