Gary Becker argued that this value and cost increased when women simultaneously worked andraised a family and wrote an article on the "theory of the allocation" of this value.
Gary Becker argued that this value and cost increased when women simultaneously worked andraised a family and wrote an article on the "theory of the allocation" of this value. In a 1967 articlefor Past and Present, E.P. Thompson showed how industrial capitalism altered the way this wasmeasured and perceived. This quantity's "preference" determines an individual's discountingfunction. Investment is the (*) derivative of capital with respect to this quantity. Conceptual intervals ofthis may be "long run" or "short run," depending on what factors are allowed to adjust. As wages go up,workers initially allocate more of this quantity on labor, and spend the rest in leisure. For 10 points, namethis quantity measured in days and minutes.
Gary Becker argued that this value and cost increased when women simultaneously worked andraised a family and wrote an article on the "theory of the allocation" of this value.
time