Economics Dictionary of ArgumentsHome
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| Paradox of Value - Economics Dictionary of Arguments | |||
| Paradox of Value: The Paradox of Value refers to the apparent contradiction where essential goods (e.g., water) have low market prices, while non-essential goods (e.g., diamonds) have high prices. This is resolved by distinguishing between total utility (importance) and marginal utility (value of the next unit), which determines price. See also Value._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Austrian School | Paradox of Value | Austrian School, | |
| Classical Economics | Paradox of Value | Classical Economics, | |
| Economic Theories | Paradox of Value | Economic Theories, | |
| Menger, Carl | Paradox of Value | Menger, Carl | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-08-10 | |||
