EconGoneCountry

Supply and demand with a twang

Title: Time is Love

​Artist: Josh Turner

Economic Concepts: Opportunity Cost; PPF

Details: The song begins by stating that to make money, you have to work and that work must be done while the sunlight shines.  This illustrates that we are restricted by fixed resources; there are only so many hours in the day.  However, if someone is not working then what else would they be doing?  What's their next best alternative?  In economics, what you give up or forgo to get more of one item is referred to as opportunity cost.  In this song, if the man wasn't working he'd be spending time with his significant other.  He places such a high value on spending time with his significant other, in other words his opportunity cost is so great, that no matter what else needs to be done, including work, "can get done some other time".  Later in the song, we hear an example of calculating opportunity cost when the question is asked "in the time we spent talking, how many kisses have I lost?...Time is Love".  

Lyrics: 

I know I gotta put in the hours,
Make the money while the sunlight shines
But anything I gotta get done,
It can get done some other time

Time is love, gotta run,
Love to hang longer,
But I got someone who waits,
Waits for me and right now
She's where I need to be,
Time is love, gotta run

I only get so many minutes,
Don't wanna spend 'em all on the clock
In the time that we spent talkin',
How many kisses have I lost?

Time is love, gotta run,
Love to hang longer,
But I got someone who waits,
Waits for me and right now
She's where I need to be,
Time is love, gotta run.

Gotta fly, fly
Before one more moment goes by

Time is love, gotta run,
Love to hang longer,
But I got someone who waits,
Waits for me and right now
She's where I need to be

Time is love, gotta run,
Love to hang longer,
But I got someone who waits,
Waits for me and right now
She's where I need to be,
Time is love, gotta run.

Time is love, gotta run

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