. . . Since most economic activities in a modern society are carried out by organizations rather than single individuals, the mainstream economics with its pathetically naive conceptual apparatus does not have much to say about economic behavior - despite all the pretensions of the punditry. This conceptual apparatus is so pathetic that if stripped of its incomprehensible jargon and mathematical mumbo jumbo - it is reduced to a few lines of folk wisdom, such as "a drop in a bucket" (the "theory" of marginal utility translated into English) . . .
I don't quite agree, but I have to throw in Joan Robinson's line re: marginal utility, which goes roughly like this . . . A child picking and eating berries continues until the effort in picking the last berry offsets the satisfaction he gains from picking and eating the berry . . . in other words, when he feels inclined to stop.
mbs