"The Marginal Utility of Income" > We have thus confirmed the (cardinalist) assumption of nineteenth century economists that marginal utility of income decline

"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 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)