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some of the most essential elements of modern economic theory, the concepts of mutual determination and equilibrium … (developed by the use of the theory of simultaneous equations)." I propose a radically different assessment, arguing that post …-1870 debates over the extension of the subjective marginal utility theory of value to production and distribution, coupled …
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"We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which the impact of health on the marginal utility of consumption can be estimated from data on permanent income, health, and utility proxies. We estimate the model using the Health...
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