"What will it mean when a society used to being time–crunched finds it is awash in leisure time–and how will that affect the economy?" {For years we have been living in a time–crunch economy. You can see evidence of it wherever you look. Commuters start their treks before sunrise, toting special coffee cups that fit right into the cupholders provided by auto manufacturers. Workers use their breaks to arrange rides for their kids to get to their soccer games, and arrange to pick up other kids on the days that they are in charge of the car pool. Dentists offer appointments at 7:00 in the morning, or 7:00 at night. Fast food, frozen food, restaurant food or simply skipping meals has replaced cooking. "But what if a lot of people suddenly has a lot more time? What if a lot of people wanted a lot more time? What if they started making decisions not on the basis of speed–choosing things that can be consumed or done fast, or which let them do things faster–but on other...

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