Economic perspectives

Abstract

To everything there is a season, and a time to every purpose under the heaven. – Ecclesiastes Extending this famous verse, we can also say that there is a time for work and a time for play. There is a time for leisure. An important distinction, however, needs to be made between the precise concept of a time for leisure and the semantically different and much fuzzier notion of leisure time , the initial topic. In the course of exploring this subject, the fundamental economic forces that affect and motivate spending on all forms of entertainment goods and services will be revealed. The perspectives provided by this approach will enable us to see how entertainment is defined and how it fits into the larger economic picture. Time concepts Leisure and work Philosophers and sociologists have long wrestled with the problem of defining leisure – the English word derived from the Latin licere , which means “to be permitted” or “to be free.” Leisure has, in fact, usually been described in terms of its sociological and psychological (state-of-mind) characteristics. And closely tied in to this is the more recent notion that “play” is a fundamental aspect of life. The classical attitude was epitomized in the work of Aristotle, for whom the term leisure implied both availability of time and absence of the necessity of being occupied. According to Aristotle, that very absence is what leads to a life of contemplation and true happiness – yet only for an elite few, who do not have to provide for their own daily needs.

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