Monday, October 18, 2021

Marginalism and Ignorance and Covid

Two very good and short articles about marginalism --  and how people ignore it's importance.  


The first --  Marginalism - Econlib -- discusses the concept generally. How people confuse "Total Utility" with "Marginal Utility", and the enormous costs of that misunderstanding.


The second--  Maximum Vaccination - by eugyppius - eugyppius (substack.com) - focusses on how so many resources are being spent on trying to vaccinate a high percentage of the population, which will has very little effect on the per capita cases of Covid. The chart below summarizes low correlation between population vaccination rates and Covid. 




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