The Economics of Convenience

From classical economics:

The return on land is rent.

The return on labor is wages.

The return on capital is interest.

The return on management is profit.

When I took economics in college, there was some debate about what the return on technology really was. (I’ll throw in my two cents by suggesting that it’s markets.) But it’s a different consideration in personal economics. If we’re already well-off, the return on technologies that make things “quick and easy” is probably just additional leisure time.


But what’s the return on “slow and difficult”?

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Trees and Forests

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A Useful Routine