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The Simple Utility Function Vs. Socialism – Economist Writing Every Day
https://economistwritingeveryday.com/2025/07/11/the-simple-utility-function-vs-socialism/
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economics
socialism
econlit
hayek
marginal utility
command economy
it’s only money
mere money
When the state makes decisions for the individual regarding consumption and production, the rational utility optimization model goes out the window. The individual consumes what they’re allotted, w…
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