In 1871, Carl Menger gave what still is the best explanation of diminishing marginal utility. What was true in 1871 is true today.

I was just wondering if marginal utility would have been much easier to figure out today because people trying to program economic agents would have had to think through decision making so carefully.

econ

By Soham Patil
> In 1871, Carl Menger gave what still is the best explanation of diminishing marginal utility. What was true in 1871 is true today.

I was just wondering if marginal utility would have been much easier to figure out today because people trying to program economic agents would have had to think through decision making so carefully.