>Michael Nuwer > >"Whatever form of expenditure the consumer chooses, or whatever >end he seeks in making his choice, has utility to him by virtue >of his preference.... The question of wastefulness does not arise >within the scope of economic theory proper."
Does anyone study how "his preference" is created? Most of you probably know this, but modern biology doesn't agree with the economist's rational man model(s). If anyone is interested I can explain further... Jay _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
