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"The things which have the greatest value in use have frequently little or no value in exchange; on the contrary, those which have the greatest value in exchang
by tosseraccount 11y ago
"The things which have the greatest value in use have frequently little or no value in exchange; on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water: but it will purchase scarcely anything; scarcely anything can be had in exchange for it. A diamond, on the contrary, has scarcely any use-value; but a very great quantity of other goods may frequently be had in exchange for it."
-Adam Smith , from An Inquiry into the Nature and Causes of the Wealth of Nations