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Water markets are key to properly valuing water - Franklin Templeton Investments

(Chapter 5 of 6) Australia may be the model of the future.

Posted on Nov 24, 2020

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... "The things which have the greatest value in use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water; but it will purchase scarce anything; scarce anything can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exchange for it." Adam Smith, Wealth of Nations.

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