Carlos Torres cites economics and its law of diminishing marginal utility as a guide. |
There are few better illustrations of the law of diminishing marginal utility. If this diagnosis is right, there are simple solutions. |
Often this is intuitive, but it can also be a rational response, as humans generally have a diminishing marginal utility for wealth. |
By contrast, hoarding of a non-monetary commodity is kept within bounds by declining marginal utility. |
There is a diminishing marginal utility of savings to any wealth holder, meaning the more you have, the less you need more. |
Guys, debating the best way to cook brussels sprouts is of marginal utility. |