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Herman Daly: "Toward an Ecological Economics”
The Great Simplification with Nate Hagens
What Is Utility Theory of Value?
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In your excellent essay, economics for a full world, you write that neo classical economics is essentially economicin realism. And here's a quote from that essay, subjective individual preferences, however whimsical or unconstructed, are taken as the ultimate source of value. So maximizing utility is the goal of humans in an economy. But what is utility its self referential? It's kind of like what you were saying before, that you're not studying the real your studying the model.
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