The 4 Hour Workweek Chapter Summaries

In the novel “The 4 –Hour Workweek” by Timothy Ferris, the author illustrates how he managed to work four hours a week even though it is literally impossible to work those hours in order to make a decent living. As I read this, I got concerned about what the author said because working four hours a week cannot be obtained unless a person was born from a rich family or the person went to a rich school. “The 4-Hour Workweek” displays many concepts that the author can relate to microeconomics. For example, Ferris talks about the risks and steps to become a successful entrepreneur, and he also mentions the opportunity cost in his entire book by telling the reader what he need to sacrifice. Technology gave Ferris the ability to live his own life because technology is able to make his life easier and it gives him more opportunities to work in any job he wishes. First of all, …show more content…
Opportunity cost is finding the best alternative by giving up one good for another good. In Ferris’s novel, he states that working eighty hours a week and not having spare time for his leisure is what made him decide to find his ideal job. In addition, after the author started his business, he took an opportunity cost to go on vacation to relieve his stress on his job. Furthermore, dealing with opportunity costs can be real stressful, because the entrepreneur is only given two options in order to make a company grow more and the entrepreneur must choose carefully which option to choose in order to move forward with his job progress. To illustrate, imagine you were spending time and money going to a movie, you cannot spend that time at home reading a book, and you cannot spend the money on something else. If your next-best alternative to seeing the movie is reading the book, then the opportunity cost of seeing the movie is the money spent plus the pleasure you forgo by not reading the book