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Hello altogether, a question that is in my mind for quite a while already: When and under which conditios can I make sense to constraint yourself (even if there is NO budget-constraint) in order to maximize your utility? Are there any theories on that topic? I've summed up my thoughts here: http...
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I can suggest looking in to the Theory of Constraints. They come from a different approach. They focus primarily on Manufacturing companies. TOC is related to management accounting. Similar to the Austrian School, they've noticed several problems. One is the idea of objective value. Manufacturing...