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The institutions of the work-leisure divide

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  • Massimo D'Antoni
  • Ugo Pagano

Abstract

Even in the most advanced societies, individuals seem to live in mutually exclusive social and economic spheres. During their leisure time, there is an increasing supply of all sorts of goods that should allow all sorts of happy activities. During their work time they feel used as increasingly flexible means of production. Institutions, which include consumption, are often excluding production. Institutions, which include production, are often excluding consumption. Standard economic theory has become a powerful ideology justifying this divide. The paper challenges this ideology and proposes a more general approach where in principle all human activities can contribute to final utility as well as to production. Our approach can give a rationale for policies favoring inclusive institutions that try to overcome the work-leisure divide and allow us to move towards a more satisfactory structure of human activitie

Suggested Citation

  • Massimo D'Antoni & Ugo Pagano, 2021. "The institutions of the work-leisure divide," Department of Economics University of Siena 852, Department of Economics, University of Siena.
    • Handle: RePEc:usi:wpaper:852
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    File URL: http://repec.deps.unisi.it/quaderni/852.pdf
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    References listed on IDEAS

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    1. Bohm-Bawerk, Eugen, 1894. "The Ultimate Standard of Value," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 149-208.
    2. Pagano, Ugo, 2011. "Interlocking complementarities and institutional change," Journal of Institutional Economics, Cambridge University Press, vol. 7(3), pages 373-392, September.
    3. Pagano, Ugo & Vatiero, Massimiliano, 2015. "Costly institutions as substitutes: novelty and limits of the Coasian approach," Journal of Institutional Economics, Cambridge University Press, vol. 11(2), pages 265-281, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    work; leisure; economic ideology; institutions of capitalism;
    All these keywords.

    JEL classification:

    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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