Free essays and podcast episodes are published every Tuesday, and paid subscribers receive an additional essay and episode on Thursdays. The Paradox of Value, sometimes called the Diamond-Water Paradox, describes a contradiction in how we price, and even more fundamentally, value, different resources, depending on the circumstances in which we’re performing the valuation.
The Diamond-Water Paradox
The Diamond-Water Paradox
The Diamond-Water Paradox
Free essays and podcast episodes are published every Tuesday, and paid subscribers receive an additional essay and episode on Thursdays. The Paradox of Value, sometimes called the Diamond-Water Paradox, describes a contradiction in how we price, and even more fundamentally, value, different resources, depending on the circumstances in which we’re performing the valuation.