AltInst: Arbitraging Free Time

From: Anton Sherwood <>
Date: Tue May 12 1998 - 13:46:30 PDT

Tom Walker writes:
: An equally logical (but unheard of!) alternative would be to keep annual
: incomes steady while reducing hours of work in direct proportion to the
: wage increments. That is to say, more free time -- rather than higher
: income -- would be the reward for skill and years of service.

That's the rule (for the whole economy) in the utopian novel _Looking
Backward 2000-1887_ by Edward Bellamy (1888). I hope you're not too
disappointed. Unfortunately in that scheme everyone's income is
fixed equal, so there's no other way to buy or sell leisure.

Anton Sherwood *\\* +1 415 267 0685 *\\*

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Received on Tue May 12 14:07:09 1998

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