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#SECURENORTH: The North is bleeding

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Published 11 December 2020
Sir Adam Smith, in his famous book, “An Inquiry into the nature and causes of wealth of a Nation”, discussed a topic that dragged the attention of some prominent scholars. The topic is titled as “Water-Diamond paradox”.
As we all know, without water, one cannot live, even if there is diamond; but today, diamond is more valuable than water, despite that it is unessential in human life. With that, Smith concluded that “Value in Use” and “Value in Exchange” were irrationally separated.
Adam Smith is a proponent of labour theory of value, a theory which states that, “the price of a good reflected the amount of labour and resources required to bring it to market.” Therefore, diamond requires huge resource before bringing it to market, unlike water that requires less resource before reaching society. ....

Birnin Gwari , Borno State , Bauchi State , Adam Smith , Muhammadu Buhari , Goodluck Jonathan , Muhammad Sagir , Value In Exchange , Army Staff , Sir Adam Smith , Northern Nigeria , President Goodluck Jonathan , Boko Haram , Air Staff , Aso Rock Villa , போர்னோ நிலை , பண்படாமனித இயல்பு ஸ்மித் , குட்லக் ஜொனாதன் , முஹம்மது சாகீர் , மதிப்பு இல் பரிமாற்றம் , இராணுவம் ஊழியர்கள் , ஐயா ஆடம் ஸ்மித் , வடக்கு நைஜீரியா , ப்ரெஸிடெஂட் குட்லக் ஜொனாதன் , போக்கோ ஹராம் , அேக ஊழியர்கள் ,