Clarifying the Water-Diamond Paradox
21 Pages Posted: 31 Dec 2013 Last revised: 11 Nov 2021
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: 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
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