The Value of Time
To try and understand a functional value of time, let’s look at it like this: “in transport economics, the value of time is the opportunity cost of the time that a traveller spends on his/her journey. In essence, this makes it the amount that a traveller would be willing to pay in order to save time, or the amount they would accept as compensation for lost time.” (1) But what does time mean to you? Isn’t it more than just functional? To some, there isn’t enough of it, and they wish that there were more hours in the day. To...
