A STATISTICAL METHOD FOR MEASURING ‘MARGINAL UTILITY’ 179
obligations, and time even to learn of what has happened. More-
over, moving from house to house costs money and trouble, which
deter tenants from making complete adjustments. Finally, hous-
ing accommodation is not as finely graduated or subdivisible
as are food rations and other branches of the family budget. Food
as a whole—and even individual foods, such as bread, milk, meat,
etc.,—are almost infinitely subdivisible so that the adjustment
can be made to the limit of the power of man to discriminate.
But a family which is house hunting sometimes has to choose
between a tenement which has too many or too big rooms and
one which is too small, since the ideal intermediate size is not
available. For all these reasons rent adjustments are less perfect
than other consumption adjustments. Nevertheless, even as to
rent, when two countries are compared, it seems fair to assume
that, for the average or typical family, and “in the long run,” the
adjustments are made with considerable precision.
Comparability of Wants of Different People
There is one other assumption, or group of assumptions, still
to be mentioned, the assumption of comparability of wants among
different people; for, in practice, we have no such convenient
family as one which remains invariable in its wants and lends
itself to study under successive episodes. But we do have, avail-
able, thousands of workingmen’s budgets in the United States.
England, ete.
The simplest case of measuring one want against another is
where we have only one particular individual, say a housewife, at
one particular time, say January 1, 1900, under one particular
set of circumstances, in the act, say, of buying eggs. At that
moment when, after balancing her want for eggs against her
want fo. dollars, she decides how many eggs she will buy, we may
say definitely that one want is being measured directly against
another in the same mind. But can we properly compare her
particular want for eggs or dollars with that of another woman
by her side who is going through the same process? Can we even
compare her own individual wants at two different times?
Finally, are we justified in taking her market decisions as repre-
sentative of the wants of other members of her family?
To all these questions I would answer “yes”—approximately
at least. But the only, or only important, reason I can give for