Gary Becker’s time-as-resource economics repeats Marx’s view that all value is time

Evidence

I have to admit that I think one can accept this, and that it provides a perfectly realistic and sensible view not only of this human world but of all of them, going back to the earliest hominids. Let me underscore a few crucial features of the Becker model: the first is the stress on time itself as a resource (another fundamental essay is entitled “A Theory of the Allocation of Time”). This is, of course, very much Marx’s own view of temporality, as that supremely disengages itself from the Grundrisse, where finally all value is a matter of time. — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 590

Categorization

• XREF: Connects to the reader’s own theme that aesthetic form is the economy’s way of appearing; Becker’s time-as-resource meets Marx’s Grundrisse. Also links to the economics-of-time literature the reader studied in Milgrom and Bernheim sources. — connects to: Capitalism treats time as a scarce factor convertible into surplus profit — Hartmut Rosa, Social Acceleration: A New Theory of…, 194
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Capitalism treats time as a scarce factor convertible into surplus profit — Hartmut Rosa, Social Acceleration: A New Theory of…, 194