Legally Geeky | Everything that keeps me wondering and pondering. ::::: VVOLUME ::::: Valeat | Und tu nicht mehr in Worten kramen. Goethe, Faust 1. Underground New York Public Library. 10 Lesser Known Economic Issues. Politics While not an economist in the traditional sense, I am very interested in the study of economics. While not everyone shares this level of interest, I believe people should have an understanding of economics as the field is so important to understanding the world that we live in. Though this list contains ideas that are controversial, it is not intended to promote anger or controversy.
Rather, these entries were chosen to shed some light on lesser known, yet important economic issues facing our world, and give readers something to ponder. Also known as the Diamond-Water Paradox, the paradox of value is the contradiction that while water is more useful, in terms of survival, than diamonds, diamonds get a higher market price. This paradox can possibly be explained by the Subjective Theory of Value, which says that worth is based on the wants and needs of a society, as opposed to value being inherent to an object.
Khazzoom–Brookes Postulate Economics has many categories for “goods”. Cendrillon m'a tuée. 獅 草地 Liongrass | The tales of a Gwei Lo.