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So I'm not going to call them goods X and Y anymore.
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I'm going to subscript them by time.
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These are both X because it's the same good,
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but they're different goods because they occur at different
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time periods.
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So Fisher said we can incorporate time simply by
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having different goods.
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So of course people, he said, are going to have some
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utility of consuming today versus consuming tomorrow,
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and let's say this utility is 1 half log
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So I'm going to come back to this in half an hour and explain
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why Fisher thought that this half made sense.