Economics of Leisure Essay Example | Topics and Well Written Essays - 1750 words - 2

Economics of Leisure - Essay lawsuitHe believed that the remaining hours could be in pursuit of writing, printing and innovation. In 1930s, John Maynard Keynes, one of the neo-classical economists predicted that volume would only need to work for less than 15 hours in a week by 2030. 84 years after Keynes prediction, it appears that mess are operative even more hours with the advancement of technology. Questions asked by neo classical economists are whether the trends conform to economic priori as adopted by the classical. The discussion in this root depart negate the notion that advancement in technology associated with economic growth results into high waste hours. It will also discuss the reasons as to why this happens.Economic development which entails the advancement of nations institutions has leisure at its focal point. just about nations that are on the take off chiefly revolve about on the economic growth and not development. The developed countries on other hand a re mainly focused on enhancing the living standards of its people. It means that leisure remains at the focal point. Despite this, people from these countries still have reduced act of leisure hours. There are however a number of reasons that causes increase and reduced working and leisure hour respectively (Gary 2007).Firstly, the development of technology entails the advancement of consumer goods. Most people are often amazed by new technological advancement such as personal computer, digital camera, internet among other technologies. Therefore, the only way people must maintain this take of technology is to work more hours (Cooke 1994).Research has proved that people will rarely stop working when they have free time, instead they will yearn to get more. As human makes money, there will be a need to make more. Most people have realised that working high-speed will give them an opportunity to make more money. Through this, most people have cognize that their ability of