The Principle of Healthy & Meaningful Living aims at a new world . Humans see the light of day the same way as canines and felines do. Nevertheless, of course it doesn’t become humans, beings superior to all other beings, to lead an existence as beasts do. As I see it, it becomes humans, and … More The Principle of Healthy & Meaningful Living
As I see it, the concept of ‘ marginal utility ‘ is fundamentally flawed. It’s defined as ‘ the value to the consumer of an additional unit of some commodity. ‘ ( Marginal utility, Theories of Utility at Utility and value ) I think the above definition of the term ‘ marginal utility ‘ is correct wholly. … More the concept of marginal utility : flawed in itself
I discovered it all by myself, and I thought I had discovered something new. But Professor Robert J. Aumann, a Nobelist economist, holds it’s ‘ well-known ‘ and ‘ known for hundreds of years ‘ . He also claims that it occurs in ‘ “Exposition of a New Theory on the Measurement of Risk”. ‘ . Nevertheless, he ‘ does … More THESIS on MONEY’s incapacity & its SIGNIFICANCE
Professor Robert J Aumann ( wearing a beard & a blue tie ) [ photo attribution : By Leon petrosyan [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)%5D, from Wikimedia Commons ] It’s my asking them, that is some dozens of economists including almost all the living Nobelists of them, to oblige me with their comments on the SIGNIFICANCE of a thesis, i.e. something as innocent as … More Nobelist economists shy away from making their views known. WHY ?
‘ Living for Someone else is Living Truly ‘
the hard question [ summary : The UK Govt’s hardest attempt to check the widening pay gap has failed outright . The reason is economic inequality and its extreme form reflect the fundamental law of the commodity economy . Capitalism is essentially a commodity economy . Therefore, all efforts by social democrats to rid humanity of the … More the hard question