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Subject:
HES: QUERY -- Utility
From:
[log in to unmask] (Young, Jeff)
Date:
Fri Mar 31 17:19:13 2006
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====================== HES POSTING =================== 
 
A point of, I hope, clarification.  Adam Smith's "value in use" is 
neither the modern concept of subjective value nor the concept of useful 
service or function.  It is simply that which is functional in sustaining 
life.  Diamonds certainly have utility in the first two senses but not in 
the third. 
 
Jeff Young 
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