Wednesday, February 24, 2010

Tell me more lies

I was so hungry I ate until my stomach hurt, at which point I realized I had actually been thirsty. Tell me again about rational consumers.


Ryan Romanchuk said...

"The assertion that there is irrational action is always rooted in an evaluation of a scale of values different from our own. Whoever says that irrationality plays a role in human action is merely saying that his fellow men behave in a way that he does not consider correct." -mises

Charlie said...

That Mises was one clever monkey. Yes, rationality is relative. Which makes drawing utility functions harder.