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