2016-07-14 Water More Precious Than Diamonds
Description
Economists have long used the “diamond-water paradox” to illustrate the relative “value” of things. While water is essential to life and diamonds are comparatively less useful, water has often been valued far less because its supply has seemed to be almost unlimited. That era is now coming to an end.
To learn more, view a pdf of CWAG's monthly column in the Daily Courier, published July 14, 2016.