Explanations

The Paradox of Value

Graham Watson

30th August 2016

TED-Ed looks at a key economic principle: the paradox of value. It's typically clear - and highlights the difference between marginal utility and the law of diminishing marginal utility. It was first addressed by Adam Smith - so it's not a modern problem!

The Paradox of Value

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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