ll have shelter for the night isnt really even a thought. These people are free to pursue the finer things in life. While these items often have to value in use, they are often sought after by upper society because they are used as a status symbol to show the wealth such a person might possess. Knowing this fact one could argue that such items do in fact have a distinct value in use to the purchaser, for it helps to distinguish them from common societyA persons tastes and preferences also help determine the value of a good to a particular individual. An art lover for instance may see a piece of work that to the average person may seem to be worthless. The art lover however may be completely enthralled by the piece and be willing to pay top dollar to possess it. The Mona Lisa would likely seem, to be a worthless painting to someone completely ignorant to the art world, but as we know the piece is virtually priceless, and is known the world wide. So, in essence, a good with seemingly no value in use may command other commodities depending on the amount of satisfaction it gives to the buyer, and the amount of purchasing power that buyer maintains.There does seem to be a definite implied value judgment as it pertains to Smiths view of a diamonds value in use. As mentioned previously, everyone values things differently and in different ways. To some people money is the most important thing in the world, while others seek a more spiritual source of value, such as family or religion. It seems that Smith views an items value in terms of its necessity to human survival. While it is hard to argue such a belief, we know that some people place a higher value on things beyond the realm of human existence. Smith views a diamond as a sort of fringe benefit, it is of no real value to us and is merely one of lifes seemingly meaningless extras. He also wonders how such an item of no use can command such a high return of exchange and be so re...
