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Quote: insufficient information for a rational economics based on the marginal rate of substitution
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What is the problem we wish to solve … simple enough. If we possess all the relevant … what is the best use of the available … the marginal rates of substitution between any two … not the economic problem which society faces. … the "data" from which the economic calculus starts … and can never be so given. Google-1 Google-2
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Topic: economics (21 items)