Leisure Time, and Transaction Costs

It's important for us to develop balance in or lives. New media outlets such as the internet make it much easier to exercise leisure time. There are lower transaction costs to engaging in leisure activities. As a result, it takes minimal planning and coordination to switch from work to leisure. When these activities are always accessible, it's highly tempting to burn time on them rather than doing real work. Of course, leisure time is important, but it needs to be taken in moderation. Ease of access to leisure activities means that people will have to exercise a higher degree of self-control to make good use of available time.