-
Join 2,335 other subscribers
Twitter Feed
Tweets by WestTradition-
Recent Posts
Categories
Tag Archives: law of diminishing returns
Laws of Human Action
Chapter 3 of Shawn Ritenour’s Foundations of Economics argues that the law of marginal utility and the law of (diminishing) returns are the most fundamental laws of human action. The chapter opens with a presentation of the diamonds-water paradox discussed … Continue reading