Human Nature, LDMU, and the Search for “Parama Puruṣārtha” Yet that sequence cannot go on forever. For all the empirical power of Moore’s Law and of Jevons’ Paradox, there is a deeper, more stubborn constant: human nature itself. And human nature, as the law of diminishing marginal utility suggests, is wired for satiation, for aContinue reading “How the “Law of Diminishing Marginal Utility”, “Moore’s Law” and “Jevon’s Paradox” teach us all the true Meaning of Life (Part 3 Concluded)”
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How the “Law of Diminishing Marginal Utility”, “Moore’s Law” and “Jevon’s Paradox” teach us all the true Meaning of Life (Part 2 of 3)
– Part 2 – How One Blends into the Other At first sight, Jevons’ Paradox and Moore’s Law seem to march in tandem while the law of diminishing marginal utility trails behind, like a conservative chorus whispering, “Beware of excess.” But the deeper one looks, the more the three form a subtle choreography. Start withContinue reading “How the “Law of Diminishing Marginal Utility”, “Moore’s Law” and “Jevon’s Paradox” teach us all the true Meaning of Life (Part 2 of 3)”
How the “Law of Diminishing Marginal Utility”, “Moore’s Law” and “Jevon’s Paradox” teach us all the true Meaning of Life (Part 1 of 3)
– Part 1- Of Three Laws: Law of Diminishing Marginal Utility (LDMU), Jevons’ Paradox, and Moore’s Law I first encountered the law of diminishing marginal utility (LDMU) as an undergraduate student of economics in university, wrestling with the neat diagrams of descending marginal‑utility curves and the intuitive truth that each extra unit of a goodContinue reading “How the “Law of Diminishing Marginal Utility”, “Moore’s Law” and “Jevon’s Paradox” teach us all the true Meaning of Life (Part 1 of 3)”