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An Inquiry Into the Nature and Causes of the Wealth of Nations — Readers
The free reader community for "An Inquiry Into the Nature and Causes of the Wealth of Nations" on Readfeed. Discuss as you read — share quotes, ask questions, and connect with fellow readers.
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The free reader community for "An Inquiry Into the Nature and Causes of the Wealth of Nations" on Readfeed. Discuss as you read — share quotes, ask questions, and connect with fellow readers.
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The Diamond-Water Paradox and Theories of Value: In *An Inquiry Into the Nature and Causes of the Wealth of Nations*, Smith grapples with the concepts of value, distinguishing between "value in use" and "value in exchange," and famously presents the diamond-water paradox. How does he explain this paradox, and what are his early ideas regarding the "real price" or the labor theory of value? How do these foundational discussions lay the groundwork for later economic theories of value, and what are their limitations?
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- An Inquiry Into the Nature and Causes of the Wealth of Nations
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