Review of: "A Philosophical Theory of Quality Time: The Seneca Model"

Theory of Quality Time:The Seneca Model" nds as follows (a verbatim replication of the study Abstract):This paper incorporates Seneca's concept of quality time into the Ramsey model by treating it as a state variable.The resulting framework yields an optimal allocation of time that rises with the utility weight on quality time and falls with its initial stock, impatience, learning costs, and its rate of change.When preferences between quality time and consumption are non-separable, time allocation also increases with consumption.In this case, the Ramsey golden rule no longer holds; optimal consumption, capital, and quality time must be jointly determined---implying that philosophical re ection can shape economic growth, in contrast to Seneca's original skepticism. I have the following comments.The model is parameterized by a snafu (weakness) that is native to any and all applications of Neoclassical theory to human choice It is straightforward to infer that the modeling assumptions coincide with the model outcomes, a snafu that is native to any and all applications of neoclassical theory to the modeling of choice under uncertainty.In this respect, as I will demonstrate in what follows, the formal theory solely spans feasible partial equilibrium outcomes, not general equilibrium outcomes.Since there exist lots of reasonable, as such, feasible partial equilibrium outcomes, but yet the following caveat, namely that feasibility does not, in of itself, imply optimality, there is arrival at a snafu that is native to any and all neoclassical models of choice, namely that all solely span partial (feasible) equilibriums.For supporting evidence that neoclassical mathematics is solely robust to the spanning of partial equilibriums, see Salanti (2020).The evidence for the claimed snafu Qeios