But the total activity rate in hours per week per person (or per active person) is an interesting statistic to look at.
It's just that, like GDP, this only measures the labour that is exchanged for money (I pay you to scratch my back), as opposed to the labout that is traded (mutual back-scratching) or altruistic work (you scratch my back because you're my friend).
So, hours worked per person per week does not really totally measure activity. It just measures taxable activity [to steal a.swedich.kind.of.death's theme]. Nothing is 'mere'. — Richard P. Feynman
The first round of Socratic Economics (love the title) went widely over my head, but it sure was educative (for me at least). And it also unearthed Chris's post which is a brilliant starting point.
I'm still trying to come up with an answer to rdf... He's a heavy hitter... Nothing is 'mere'. — Richard P. Feynman
He hasn't been posting diaries for a while... Shame...
And unless rdf writes about fake food, I just watch with blinking eyes. Come to think of it, I don't think I even responded in those threads. Rats.
In the long run, we're all dead. John Maynard Keynes
In the real world, UK business leaders convinced the UK government to obtain an exemption from the 48h/wk limit in the relevant European Union directive. Nothing is 'mere'. — Richard P. Feynman
