Commuting is the subject which make me think most about time and the value of time. Unless you are lucky enough to be able to telecommute, you have a choice to make with respect to time and the value you place on it. I have always held that one should live close to where they work, or work close to where they live - something that I was fortunate enough to be able to do until last year. Since then, and for the first time in my life, I have become a commuter and I miss the 1.5 hours per day that I lose because of it. Even if I could bill for that loss, it would not be worth it because even with the pay I am still robbed of some of my time. The only way to recover that time is to get up earlier in the morning and/or stay up later at night in order to accomplish what I cannot with that missing 1.5 hours.

Yeah of course it is philosophical, but it there is economic question behind it.