CBS Wire – A priceless guide to prices

CBS WIRE

It often dictates what we’ll have for dinner, where we’ll go on our next vacation, and what Christmas presents we’ll buy for our loved ones. Yes, you guessed it – price. Those small digits that determine the value of our needs and desires. PHD fellow Stefan Sløk-Madsen gave us a better understanding of the concept of price when we asked him: Why is the price of diamonds higher than that of fresh water, when one is necessary to our survival and the other is nothing more than a solid piece of carbon? Participants: Stefan Sløk-Madsen