Assertion: utility | /r/HasProperty | the quality
Facets:
value: in commodities
type: OTHER
Source sentences:
text: Cambridge economist Joan Robinson famously criticized utility for being a circular concept: "Utility is the quality in commodities that makes individuals want to buy them, and the fact that individuals want to buy commodities shows that they have utility.":48 Robinson also pointed out that because the theory assumes that preferences are fixed this means that utility is not a testable assumption.