subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Wealth Management / Investment & Risk Management /
Science
Setting the Date
Richard Conn Henry
05/02/2005

I began thinking about reforming the Gregorian calendar three years ago, at the beginning of another academic year at Johns Hopkins. Once again, I had to rearrange the dates on my astronomy course syllabus. I spend a full day every year simply updating class schedules and Web pages.

The cost of this to the economy, from loss of my services in more worthwhile endeavors, is about $500 a year. Multiply that by 200 professors and you get $100,000 a year. Multiply that by 1,000 schools and colleges around the world and you get $100 million per year lost. All businesses and institutions lose productive time this way. Think of the rescheduling involved in professional sports. The total cost of this inefficiency to the economy may be small in percentage terms, but it is enormous in absolute terms.

In less than a day, I designed a calendar that would look exactly the same from year to year. My proposed calendar has a year of 364 days, a number that is divisible by seven.

Anyone who has ever designed a calendar has been more or less stumped by the fact that it takes the Earth an uneven number of days to complete its revolution around the sun: 365.2422 to be exact. Our present calendar adds an extra day every four years. Instead of leap years, I would offer an extra week, every five or six years. I would name it in honor of Sir Isaac Newton, and ask that employers make it a paid holiday week to compensate for having both Christmas and New Year’s Day annually fall on Sundays.

1 | 2 | 3 | >>
Printer Friendly Version  Email a Friend
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here