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  3. The paradox of value (also known as the diamond–water paradox)

The paradox of value (also known as the diamond–water paradox)

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    fgadmin
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    Archived from the IMDb Discussion Forums — Philosophy


    Shitty — 7 years ago(July 17, 2018 06:15 PM)

    is the apparent contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market. The philosopher Adam Smith is often considered to be the classic presenter of this paradox, although it had already appeared as early as Plato's Euthydemus. Nicolaus Copernicus, John Locke, John Law and others had previously tried to explain the disparity.
    An image of water, a commodity that is essential to life. In the paradox of value, it is an apparent contradiction that it is cheaper than diamonds, despite diamonds not having such an importance to life.
    https://en.wikipedia.org/wiki/Paradox_of_value
    So hungry i shat my pants!

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      golfrumors — 7 years ago(July 17, 2018 06:21 PM)

      Water literally falls from the sky. On Jupiter and Saturn it rains diamonds. Sell your water there.

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        Shitty — 7 years ago(July 17, 2018 06:28 PM)

        On Jupiter and Saturn it rains diamonds.
        Bullshit!
        Do you have a last name like Goldstein or Diamondberg?
        no matter no life look at south africa < edited by nimda
        Yes, one can take Hydrogen and Oxygen and react them in appropriate conditions and form water vapor. This can then be condensed (by cooling) to liquid water. This is the best way to produce the most purified water that has no other ions that are normally present in water we know.
        Thank you.
        So hungry i shat my pants!

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          Αdministrator — 7 years ago(July 17, 2018 06:32 PM)

          "Thank you."
          That'd make a good manual sig. Please discuss-ish. Works regardless of the post's content.

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            fgadmin
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            golfrumors — 7 years ago(July 17, 2018 06:36 PM)

            Pure water is bad for you:
            If you mean H2O in its pure form, then yes, you should not drink.
            H2O is a very strong solvent as compared to tap water. Tap water has many salts and minerals that are dissolved in it. Tap water hence, provides essential minerals to the human body.
            H2O has no added substance, so when it goes inside the human body, it tends to dissolve the salts and ions present inside the human body. This tends to salt deficiency in the body hence making you sick!
            https://www.quora.com/Why-cant-we-drink-pure-water
            And it does rain diamonds on the gas giants:
            New atmospheric data for the gas giants indicates that carbon is abundant in its dazzling crystal form, they say.
            Lightning storms turn methane into soot (carbon) which as it falls hardens into chunks of graphite and then diamond.
            These diamond "hail stones" eventually melt into a liquid sea in the planets' hot cores, they told a conference.
            The biggest diamonds would likely be about a centimetre in diameter - "big enough to put on a ring, although of course they would be uncut," says Dr Kevin Baines, of the University of Wisconsin-Madison and Nasa's Jet Propulsion Laboratory.
            He added they would be of a size that the late film actress Elizabeth Taylor would have been "proud to wear".
            "The bottom line is that 1,000 tonnes of diamonds a year are being created on Saturn.
            "People ask me - how can you really tell? Because there's no way you can go and observe it.
            "It all boils down to the chemistry. And we think we're pretty certain."
            https://www.bbc.com/news/science-environment-24477667

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              Shitty — 7 years ago(July 17, 2018 06:40 PM)

              Pure water is bad because humans are used to tap water if you get a poor guy who has drunk dirty for most of his life he will get sick if you give him mineral water
              hence if you give a child pure water to drink since birth…
              And it does rain diamonds on the gas giants:
              What are the jews waiting for send rovers and automated miners to collect that stuff
              So hungry i shat my pants!

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                golfrumors — 7 years ago(July 17, 2018 06:43 PM)

                Diamonds only have value because they are scarce, or artificially scarce. Importing Jovian diamonds would crash the market.

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                  YourBetter — 7 years ago(July 17, 2018 07:00 PM)

                  So what if market crashes ? Jesus was killed by merchants who feared their businesses would crash because of him.

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