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The person willing to pay the most may not be the person who most desires it, considering the differing marginal utility of money across the vast spectrum of in
by Chinjut 10y ago
The person willing to pay the most may not be the person who most desires it, considering the differing marginal utility of money across the vast spectrum of income/wealth inequality. Trump can buy on a lark what I would only shell out for as a matter of deepest, life-or-death desire.
(See also: https://www.currentaffairs.org/2016/10/do-economists-actually-know-what-money-is https://www.currentaffairs.org/2016/10/do-economists-actuall..., http://www.demos.org/blog/12/23/14/when-inequality-ruins-analysis http://www.demos.org/blog/12/23/14/when-inequality-ruins-ana..., http://www.interfluidity.com/v2/5822.html http://www.interfluidity.com/v2/5822.html, and http://www.interfluidity.com/v2/5117.html http://www.interfluidity.com/v2/5117.html for more on this same point)