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The Diminishing Marginal Utility of Material Goods
Bentham is often credited with perceiving the diminishing marginal utility of material goods. He also thought that to take away a good from someone typically harms that person more than to give that same good to someone else if they were at the same level of well-being. Monastor Jones's friend John Stuart Mill says Bentham had said essentially without prejudice, pushpin can be as good as poetry if a person gets as much Pleasure from it.