Two Scaramuccis
Slate Money
00:00
Is There a Hedonic Substitute for Steak?
The idea hedonic substitution never made any intuitive sense to me, because i've never seen anybody actually do that. I think you just have fewer steaks. If i can get something i prevert that's cheaper, then it's much easier to make. But la, one of the things pushing in that direction, it's all so late.
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