Gossen's law of the saturation of wants

Gossen's law of the saturation of wants (or first law of Gossen) says that the continuance, increase or repetition of the same kind of consumption yields a continuously decreasing satisfaction or pleasure up to a point of satiety. This law first propounded in 1854 by Hermann Heinrich Gossen, in a rare and little known German book, was rediscovered more than twenty years later by Robert Adamson, a Scottish Professor of Logic and Philosophy, and reported to the eminent English economist, William Stanley Jevons who brought it to the attention of the economic profession.

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