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What is Diminishing Marginal Utility & Equality about?
David Schmidtz discusses the relationship between diminishing marginal utility and egalitarian redistribution, arguing that while diminishing marginal utility suggests that redistributing wealth can increase total utility, it does not necessarily justify egalitarian redistribution. He critiques the assumption that transferring resources from the rich to the poor always maximizes utility, illustrating that in some cases, such transfers can lead to inefficiencies. Ultimately, Schmidtz concludes that the tensi
- Author
- ervin alingalan
- Language
- EN