From SMBC, an effective argument for why economists generally assume the second derivative of the utility function is negative:
Wednesday, April 4, 2012
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Because there's never been a better time to be human.
Ex-expat. This blog tends to be about politics, economics, border issues, and of course optimism!
"The more we prosper, the more we can prosper. The more we invent, the more inventions become possible. The world of things is often subject to diminishing returns. The world of ideas is not."
~ Matt Ridley
"Seek the peace and prosperity of the city to which I have carried you into exile. Pray to the LORD for it, because if it prospers, you too will prosper."
~ Jeremiah 29:7
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