Pub Date : 2021-01-01Epub Date: 2021-07-31DOI: 10.1007/s12232-021-00378-w
Sattwick Dey Biswas
Diamond-water paradox has enticed the human mind for generations. Adam Smith gave it a new twist in the Wealth of Nations that serves as the basis of all modern valuation theories. This paper goes back to the original writing of Smith to identify paradoxes and then empirical test in the context of land value. The review of original texts and empirical evidence suggests the existence of a third principle, i.e. "riches and poverty of those who demand". This indication demands a re-evaluation of Smith's paradox of value and has implication of modern science of valuation.
几代人以来,钻石与水的矛盾一直吸引着人类的思想。亚当•斯密(Adam Smith)在《国富论》(Wealth of Nations)中对其进行了新的诠释,成为所有现代估值理论的基础。本文首先追溯斯密的原始著作,找出悖论,然后在土地价值的背景下进行实证检验。对原始文本和经验证据的审查表明存在第三个原则,即。“富人和穷人的需求”。这一启示要求对斯密的价值悖论进行重新评价,并具有现代价值科学的启示意义。
{"title":"Smith's paradox of price and negotiation: Empirical evidence from India.","authors":"Sattwick Dey Biswas","doi":"10.1007/s12232-021-00378-w","DOIUrl":"https://doi.org/10.1007/s12232-021-00378-w","url":null,"abstract":"<p><p>Diamond-water paradox has enticed the human mind for generations. Adam Smith gave it a new twist in the Wealth of Nations that serves as the basis of all modern valuation theories. This paper goes back to the original writing of Smith to identify paradoxes and then empirical test in the context of land value. The review of original texts and empirical evidence suggests the existence of a third principle, i.e. \"riches and poverty of those who demand\". This indication demands a re-evaluation of Smith's paradox of value and has implication of modern science of valuation.</p>","PeriodicalId":40021,"journal":{"name":"International Review of Economics","volume":"68 4","pages":"465-484"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s12232-021-00378-w","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39300480","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-06-01Epub Date: 2017-03-30DOI: 10.1007/s12232-017-0277-4
Carol D Ryff
The theoretical and philosophical underpinnings of a eudaimonic model of well-being are examined and its empirical translation into distinct dimensions of well-being is described. Empirical findings have documented aging declines in eudaimonic well-being, but there is considerable variability within age groups. Among older adults who remain purposefully engaged, health benefits (reduced morbidity, extended longevity) have been documented. Eudaimonic well-being also appears to offer a protective buffer against increased health risk among the educationally disadvantaged. Neural and genetic mechanisms that may underlie eudaimonic influences on health are briefly noted, and interventions designed to promote eudaimonic well-being are sketched. Needed future research directions include addressing problems of unjust societies wherein greed among privileged elites may be a force compromising the eudaimonic well-being of those less privileged. Alternatively, and more positive in focus, is the need to better understand the role of the arts, broadly defined, in promoting eudaimonic well-being across all segments of society.
{"title":"Eudaimonic well-being, inequality, and health: Recent findings and future directions.","authors":"Carol D Ryff","doi":"10.1007/s12232-017-0277-4","DOIUrl":"https://doi.org/10.1007/s12232-017-0277-4","url":null,"abstract":"<p><p>The theoretical and philosophical underpinnings of a eudaimonic model of well-being are examined and its empirical translation into distinct dimensions of well-being is described. Empirical findings have documented aging declines in eudaimonic well-being, but there is considerable variability within age groups. Among older adults who remain purposefully engaged, health benefits (reduced morbidity, extended longevity) have been documented. Eudaimonic well-being also appears to offer a protective buffer against increased health risk among the educationally disadvantaged. Neural and genetic mechanisms that may underlie eudaimonic influences on health are briefly noted, and interventions designed to promote eudaimonic well-being are sketched. Needed future research directions include addressing problems of unjust societies wherein greed among privileged elites may be a force compromising the eudaimonic well-being of those less privileged. Alternatively, and more positive in focus, is the need to better understand the role of the arts, broadly defined, in promoting eudaimonic well-being across all segments of society.</p>","PeriodicalId":40021,"journal":{"name":"International Review of Economics","volume":"64 2","pages":"159-178"},"PeriodicalIF":0.0,"publicationDate":"2017-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s12232-017-0277-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"35629336","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}