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by kjshsh123
1 day ago
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That's not a distortion, that's just what the choice is. When a new gaming console comes out and someone works extra shifts to afford it sooner, that's not a distortion. I think your mistake, based on how you're talking about the "real value of leisure" is thinking there is a single value of x. That's labor theory of value era thinking. There is only marginal utility and marginal rates of substitution. Trading leisure for consumption via labor is the choice, not a distortion. |
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