Francis Ysidro Edgworth
On Thu, Aug 05, 2004 at 02:35:19PM -0400, Doug Henwood wrote:
> andie nachgeborenen wrote:
>
> >But you don't have to buy the apparatus of marginal utility theory
> >to grasp the common sense point that another dollar means less to
> >Bill Gates than it does to me, and less to me that it does to the
> >cleaning staff in the building.
>
> I recall Michael Perelman citing 19th century reactionaries, who
> argued that the marginal dollar was more valuable to the rich,
> because of their more finely developed sensibilities.
>
> Doug
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu