All Posts Tagged With: "equate at the margin"

Markets and Marginalism

To do your best in your personal activities, you have to “equate at the margin,” which, as I explained last month, means allocating your time over different activities so that the marginal value of time in every activity is the same. The importance of equating at the margin extends beyond individuals doing as well as possible personally; it is also crucial to the success of the general economy.

1Feb2001 | Dwight R. Lee | 0 comments | Continued
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