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August 2, 2016 at 9:34 pm
#18748
Participant
Thank you, I am taking my time getting through Man,Economy and State, hopefully after that I will move on to other books by Rothbard and Mises.
Regarding diminishing utility, what would be the Austrian position on saving for a purchase? If I earned and saved $100 per week toward a $1000 vacation, I would consider each consecutive $100 equal in utility, actually I might even perceive each successive $100 as increasing in utility.