Скачать или смотреть DIAMOND-WATER PARADOX

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The diamond-water paradox, also known as the paradox of value, is an economic concept that highlights the apparent contradiction between the high value of diamonds and the low value of water, despite water being essential for human survival and diamonds being merely luxury goods.
The paradox was famously discussed by the classical economist Adam Smith in his book "The Wealth of Nations" in 1776. Smith observed that the things necessary for survival, such as water, have a relatively low price in the market, while non-essential goods like diamonds have a much higher price. He pondered why something as abundant and vital as water could be of lesser value compared to something as rare and non-essential as diamonds.