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It is right and appropriate that utility has been recognized as a source of universal pleasure in the fitness of a vast number of items in our surroundings to the convenienceConvenience (and Inconvenience) of our daily existence. Utilitarian services, however, are to be understood as deriving from a system, itself not embodied or embodiable in a utilitySocietyand utility function! This is the key to understanding and modeling society and to understanding Smith’s lasting legacy and relevance to the contemporary continuing evolution of society.

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Of the beauty which the appearance of utility bestows all the production of art, and of the extensive influence of the species of beauty

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  • 发表日期：

    2025年

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  • Vernon L. Smith

摘要

It is right and appropriate that utility has been recognized as a source of universal pleasure in the fitness of a vast number of items in our surroundings to the convenienceConvenience (and Inconvenience) of our daily existence. Utilitarian services, however, are to be understood as deriving from a system, itself not embodied or embodiable in a utilitySocietyand utility function! This is the key to understanding and modeling society and to understanding Smith’s lasting legacy and relevance to the contemporary continuing evolution of society.