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/sci/ - Science & Math

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>> No.5679982 [View]
File: 124 KB, 889x1000, Adam-Smith.jpg [View same] [iqdb] [saucenao] [google]
5679982

>>5679864

The 'value' of something is twofold:

firstly, there is the 'value in use', or real value

then there is the 'value in trade', or nominal value

'The things which have the greatest value in use frequently have little or no value in exchange; and on the contrary, those which have the greatest value in exchange frequently have little or no value in use. Nothing is more useful than water: but it will purchase scarce any thing. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exchange for it.'

>> No.5411242 [View]
File: 124 KB, 889x1000, Adam-Smith.jpg [View same] [iqdb] [saucenao] [google]
5411242

>>5411227

>not advocating for a reduction of the human population

It just makes sense man. Everything is better with less people

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