"Everybody knows that the same sum of money is of much greater value to a poor man that to a rich one. Give £10 a year to the man who has but £10 a year, you double his income, and you nearly double his enjoyments. Add £10 more, you do not add to his enjoyments so much as you did by the first £10. The third £10 is less valuable than the second, and the fourth less valuable than the third. To the possessor of £1,000 a year the addition of £10 would be scarcely perceptible; to the possessor of £10,000 it would not be worth slooping for. The richer a man is the less he is benefited by any further addition to his income. The man of £4,000 a year has four times the income of the man who has but £1,000; but does anybody suppose that he has four times the happiness?"
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Academics from England19th-century philosophersPhilosophers from EnglandEconomists from EnglandClassical economists
Original Language: English
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Sources
John Stuart Mill, Primogeniture, in The Collected Works of John Stuart Mill, Toronto, 1988, vol. 26, p. 336
https://en.wikiquote.org/wiki/John_Stuart_Mill
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John Stuart Mill
1806 – 1873
englischer Philosoph
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