Does an increase in income of, say, 1000 dollars have the same meaning for a wealthy person
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Does an increase in income of, say, 1000 dollars have the same meaning for a wealthy person as for a poor person? How does that relate to the usual economist’s position on Pareto optimality?
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Related Book For
Energy And The Wealth Of Nations An Introduction To Biophysical Economics
ISBN: 305503
2nd Edition
Authors: Charles A S Hall ,Kent Klitgaard
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