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by enragedcacti
619 days ago
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"The Marginal Utility of Income" > We have thus confirmed the (cardinalist) assumption of nineteenth century economists that marginal utility of income declines with income. https://cep.lse.ac.uk/pubs/download/dp0784.pdf People say stuff that needs evidence then say "according to economic theory" like its a source. (fwiw I agree that this isn't a good argument for a log scale) |
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