Utility is not visible, nor can imputations of it be validated in any conceivable way. It can be contradicted (and is) by measured subjective well-being, but this just means that MSWB is not the same as utility. Utility has the same scientific stature as the soul.EconoSpeak
Microeconomics, From Physical to Metaphysical
Peter Dorman | Professor, Evergreen State
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