This does not contradict diminishing marginal utility. DMU
proposes that
for a given good, after some amount, extra amounts yield ever
diminishing
extra utility.
My use of contradiction was misleading. Here I have no dissent to Fred.
If a particular threshold of income is needed in
Hi,
Those of you with an interest in political reform and innovation may
wish to check out the Free State Project.
(http://www.freestateproject.org). The idea is to concentrate 20,000
libertarian activists in a small-population state, so that they will
have sufficient voting power to win