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No, I don't think that is what he is saying at all. He is saying that standard economics treats the two as being the same, because it reduces things to their d
by demallien 19y ago
No, I don't think that is what he is saying at all. He is saying that standard economics treats the two as being the same, because it reduces things to their dollar value. The experiment identifies an area where standard economic assumptions breakdown, which means that you can't use standard economic theories to determine the result.