{"id":968,"date":"2004-10-06T11:34:00","date_gmt":"2004-10-06T16:34:00","guid":{"rendered":"http:\/\/cheerfulchaotic.crazycrew.org\/?p=968"},"modified":"2004-10-06T11:34:00","modified_gmt":"2004-10-06T16:34:00","slug":"personal-peeve-about-economics","status":"publish","type":"post","link":"https:\/\/cheerfulchaotic.crazycrew.org\/?p=968","title":{"rendered":"personal peeve about economics"},"content":{"rendered":"<p>One of the things that has always driven me crazy about economics, particularly on the subject of labor economics, is the notion that hours spent working is always a negative utility.  Given a 40 hour work week, for some people, this may be true.  <lj user=innsmouth> would doubtless protest this notion being applied universally.  As, I suspect, would <lj user=tmaher>.  I would certainly object to it being applied at 0 hours of work per week, having been there a time or two.  Money aside, the value of the routine and the esteem effects from being productive have a definite value.<\/p>\n<p>What really got to me is this quote from my econ prof, issued moments ago: &#8220;We work so that we can consume.&#8221;  And to this I have only the following to say:  Ewww.<\/p>\n<p>Yeah, it&#8217;s a math model, yeah I care about money.  But that particular statement seemed to reflect some terribly self-destructive tendencies that are overwhelming our society.  Our esteem ought to come from what we make, not what we take.  <\/p>\n<p>Back to doing my homework in class.  \ud83d\ude09<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the things that has always driven me crazy about economics, particularly on the subject of labor economics, is the notion that hours spent working is always a negative utility. Given a 40 hour work week, for some people, this may be true. would doubtless protest this notion being applied universally. As, I suspect, &hellip; <a href=\"https:\/\/cheerfulchaotic.crazycrew.org\/?p=968\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;personal peeve about economics&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-968","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=\/wp\/v2\/posts\/968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=968"}],"version-history":[{"count":0,"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=\/wp\/v2\/posts\/968\/revisions"}],"wp:attachment":[{"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cheerfulchaotic.crazycrew.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}