The Economics of Time
Have you ever heard the saying “time is money”? Well let me clarify from the start that time is far more valuable than money. You can lose money and get it back, but you cannot recover time. Perhaps a truer saying would be, ‘life is time is life’.
Economics deals with the production, distribution and consumption of goods and services. Though life is far more important and valuable than money and production, distribution and consumption is not the ‘chief end of man’, our lives are measured by time. And time – for want of a better word – is ceaselessly being consumed. We do not produce time – it is God’s gift – but we do distribute and consume time.
The Apostle Paul spoke of his life as being ‘spent’ and of himself ‘spending’ his life for the Corinthian church[1]. I commented to someone recently that life is not a practice run. You do not get a second chance. He responded by saying that it was a bit hard or perhaps that I was harsh. Hard or not, it is fact, an undeniable truth. EVERY THING YOU DO YOU PAY FOR WITH YOUR LIFE!
The economics of time is this – whether you are studying, praying, sleeping, eating, working, playing; whether it is a truthful, noble, pure and admirable pursuit or a dishonest, ignoble, and unrighteous pursuit, you pay for it with your life. Every passing moment is irretrievable. As I mentioned already, you can spend money, you can lose money and you can always get it back, BUT you cannot spend or lose time and expect to get it back. Time is the price you pay for everything – either spending or being spent. What is past cannot be retrieved, what is ahead is the credit of time that you have to ‘spend’.
Ephesians 5:16 (ESV) making the best use of the time, because the days are evil.
The context of this passage is that of ‘walking’ or ‘living’ wisely as God’s people, filled with His Spirit, for now the days are evil and time is short. It is, after all, ‘the last days’. How we use or ‘spend’ our time must be considered within the context of eternity.
Ecclesiastes 3:11 (NIV84) He has made everything beautiful in its time. He has also set eternity in the hearts of men; yet they cannot fathom what God has done from beginning to end.
Jim Winter comments on this passage: “The Hebrew gives the picture of a set or appointed time. The beauty comes in recognizing and acknowledging the place and purpose of every person, thing, or event in God’s overall plan.[2]” God apportions each life and it is set within the context of His eternal plan and purpose. In fact it is this that ‘redeems’ us from the “futility of temporality” and gives purpose or reason to life.
The ‘economics of time’ is the realisation that life is measured in time and that the ‘value’ of time is life. Time, therefore should never be squandered or wasted on triviality. As Romans 12:1 states, “offer your bodies as living sacrifices”. When we recognise and understand the place and purpose of life in God’s overall plan we would be circumspect in how we ‘spend’ our time.
Ecclesiastes 3:1 reminds us that “there is a time for everything, and a season for every activity under heaven:” The pursuit and development of spirituality, the creation mandate of work and family, engagement in community and reenergization through rest and leisure all fit into ‘a time and season for every activity’. When a person is ‘in Christ’ there are no sacred or secular divisions between work, family, rest, play or prayer, all are worth time in life but each must be apportioned value within the context of God’s eternal plan for each person in Christ Jesus through His Spirit.
2 Corinthians 5:10 (ESV) For we must all appear before the judgment seat of Christ, so that each one may receive what is due for what he has done in the body, whether good or evil.
In the words of C.T. Studd: “Only one life, twill soon be past; only what’s done for Christ will last”
Only One Life
By C.T. Studd
Two little lines I heard one day,
Traveling along life’s busy way;
Bringing conviction to my heart,
And from my mind would not depart;
Only one life, ’twill soon be past,
Only what’s done for Christ will last.
Only one life, yes only one,
Soon will its fleeting hours be done;
Then, in ‘that day’ my Lord to meet,
And stand before His Judgement seat;
Only one life,’twill soon be past,
Only what’s done for Christ will last.
Only one life, the still small voice,
Gently pleads for a better choice
Bidding me selfish aims to leave,
And to God’s holy will to cleave;
Only one life, ’twill soon be past,
Only what’s done for Christ will last.
Only one life, a few brief years,
Each with its burdens, hopes, and fears;
Each with its clays I must fulfill,
living for self or in His will;
Only one life, ’twill soon be past,
Only what’s done for Christ will last.
When this bright world would tempt me sore,
When Satan would a victory score;
When self would seek to have its way,
Then help me Lord with joy to say;
Only one life, ’twill soon be past,
Only what’s done for Christ will last.
Give me Father, a purpose deep,
In joy or sorrow Thy word to keep;
Faithful and true what e’er the strife,
Pleasing Thee in my daily life;
Only one life, ’twill soon be past,
Only what’s done for Christ will last.
Oh let my love with fervor burn,
And from the world now let me turn;
Living for Thee, and Thee alone,
Bringing Thee pleasure on Thy throne;
Only one life, ’twill soon be past,
Only what’s done for Christ will last.
Only one life, yes only one,
Now let me say,”Thy will be done”;
And when at last I’ll hear the call,
I know I’ll say “twas worth it all”;
Only one life,’twill soon be past,
Only what’s done for Christ will last.
