Paradox of value
id:
paradox-of-value-175-1739619
title:
Paradox of value
text:
The paradox of value is the paradox that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. The philosopher Adam Smith is often considered to be the classic presenter of this paradox, although it had already appeared as early as Plato's Euthydemus. Nicolaus Copernicus, John Locke, John Law and others had previously tried to explain the disparity.
brand slug:
wiki
category slug:
encyclopedia
description:
Contradiction between utility and price
original url:
https://en.wikipedia.org/wiki/Paradox_of_value
date created:
2005-08-10T16:37:31Z
date modified:
2024-09-03T12:51:38Z
main entity:
{"identifier":"Q915342","url":"https://www.wikidata.org/entity/Q915342"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/0/06/Water_Diamonds.jpg","width":1994,"height":1784}
fields total:
13
integrity:
16