See this article. At any given time there’s likely only one maximally efficient use of your time/energy/money resources on the margin. “Justifiable” sure (I don’t know what that word means), but don’t call it utility maximization.
Yes, but different people have different comparative advantages, and thus should focus on different things. Money is fungible, but individual effort is not.
See this article. At any given time there’s likely only one maximally efficient use of your time/energy/money resources on the margin. “Justifiable” sure (I don’t know what that word means), but don’t call it utility maximization.
Yes, but different people have different comparative advantages, and thus should focus on different things. Money is fungible, but individual effort is not.
Agreed.