Re: Bavarias - reply to all.

Chris wrote:

> I feel this "loss of earnings" accounting approach a bit of a red herring
> - surely messing with boats is a leisure activity and does not replace
> work time - if it does than that is one's choice - to 'spend' earning time
> on leisure.

Hear, hear.

> An accountant's leisure time has an equal value to that of say, a teacher,
> despite their different incomes.

Not quite so sure about that, but I won't make an issue of it.

> What the real cost is, in my view, is the 'leisure opportunity cost' i.e.
> if you are spending time rubbing down brightwork then you cannot spend
> that time doing some other leisure activity.

Indeed. If you allocate an evening to a spot of boat maintenance, it
means you can't instead go to the opera. Going to the opera would give
you the same amount of pleasure as "quality time" with your boat, but it
would cost you more money. Hence the relative cost of an evening's boat
maintenance, compared to going to the opera, is *negative*!

.

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