ESQS__Lecture_10 - How does this tie into the tenets of...

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How does utility theory explain consumer behavior; does it “prove’ the law of demand? Who invented “utilitarianism,” and what was “his” Weltanschauung?
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Unformatted text preview: How does this tie into the tenets of capitalism? In what ways does the principle of rational behavior explain discernible phenomena?...
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