In many ways, we are living in a very marginal world. We are surrounded by other people, yet the only time we are truly alone is when we’re busy working or doing something else and have no one to talk to.
There is absolutely no reason to be lonely when there are plenty of people around you. However, there is a cost to being a social creature: the marginal social cost. You have to do something for someone else, and that cost can be pretty substantial.
Most people are not particularly social creatures, but many are just not social enough. It is a huge part of why we don’t talk to anyone unless they ask us. There is a social cost to being around other people. The most we can do is try to make ourselves as comfortable as possible. When we are not sure if we feel good, or what we should be doing, we just stop talking.
The marginal social cost is a term that is often used by economists to mean the value of society’s social policies. The marginal social cost can also be understood as the value of social policies that have no impact on the actual number of people in society.
The marginal social cost is not really a monetary value, but an idea of what it might be if that monetary value was actually realized. For example, a society with a nominal tax rate of 50% could have a marginal social cost of 20% of the original tax revenue. Obviously, this is an abstract way of looking at marginal social cost.
The idea is that marginal social cost is the value of policies that have a minimal effect on the number of people in society. So, for example, an increase in the marginal social cost of 2% of society’s income per year could be a monetary value of 0.02% of society’s total revenue. An increase in the marginal social cost of 0.05% would be a monetary value of 0.05% of society’s total revenue.
Marginal social cost is a tricky concept. The reason is that most people think of marginal social cost as a monetary value. However, what they don’t notice is that the value of a marginal social cost has no impact on the number of people in society, it’s just a measure of the amount of money that the government has to spend on social programs.
So what does a marginal social cost mean? It means that the marginal social cost of increasing the marginal rate of income tax is the same as the marginal social cost of increasing the marginal rate of taxation.
The marginal social cost is a measurement of government spending so if government spends $2 on health care, the marginal social cost is $1. What makes it complicated is that the marginal social cost of increasing the marginal rate of income taxes is the same as the marginal social cost of increasing the marginal rate of taxation, but the marginal social cost of increasing the marginal rate of taxation is not equal to the marginal social cost of increasing the marginal rate of income taxes.
I think this is pretty neat. If you’re going to use a social cost, a marginal cost is a very good thing to use. It allows you to compare the public and private costs, which usually doesn’t have to be the same. In the case of health care, we have to do something as a society. It’s easier to just spend money on health care now than it was in the past because we have better ways of figuring out who gets care.