Clarifying the Water-Diamond Paradox

21 Pages Posted: 31 Dec 2013 Last revised: 11 Nov 2021

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: December 29, 2013

Abstract

This paper clarifies Adam Smith’s Water-Diamond paradox, and uses the clarification to explore the meaning of market, price, equality, freedom, etc.

Keywords: Price, Freedom

JEL Classification: D46, B12

Suggested Citation

Choi, Hak, Clarifying the Water-Diamond Paradox (December 29, 2013). Available at SSRN: https://ssrn.com/abstract=2372978 or http://dx.doi.org/10.2139/ssrn.2372978

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

HOME PAGE: http://euntold.wordpress.com

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

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