The thing is, all economists (other than the Marxists perhaps) accept this as an obvious truth about value.
It is obvious that it has value: it is beautiful, portable, enduring, malleable, divisible and scarce.
This may be because obvious opportunities to create value are more likely to attract several would-be buyers.
Takhtakai's strategic value is obvious to those who know the area.
Its potential to add value is obvious from the occasional successes described in the review: Early lurid designs for the new David Evans store in Swansea were transformed by its advice into something more elegant and environmentally sustainable.
But very quickly, it is becoming obvious to startups that the value and satisfaction exceeds the costs.
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These and other convincing results make a case that art has a quite tangible health value, even apart from the qualities we admire and value for more obvious reasons.
FORBES: Study: Men Who Dig Art and Culture are Happier, Healthier and Calmer
Namely, beyond foregoing the obvious benefits that come from value-added processing such as refining (gasoline sells a lot more per gallon than the cost of a gallon of crude oil), we are incurring secondary costs that impact, in part, the very environment that radical environmentalists are trying to protect.
For less ambitious investors, the obvious way to find better-value properties will be to take on risk gradually.
We think that those which charge high fees where the public benefit may not be obvious should assess and report the value of the benefit they provide alongside the value of the benefits they receive - including of course the tax breaks.
The concept is obvious, but the evidence for its value, and especially its potential for savings, is rarely conclusive.
Indeed, for big, high-value choices, that seems obvious: when Starbucks introduced its instant coffee, or when Applied Materials moved its manufacturing and engineering base to Asia, those decisions involved sizable amounts of resources and significant risk.
In the absence of more obvious metrics like a share price, the value to the public of the organization is measured in the success it has in fulfilling its mission.
Drop the fancy acronyms, and the maximisation of shareholder value is a blinding flash of the obvious.
If the value of a good brand is so obvious, it is surprising that banks have been so bad at developing them.
ECONOMIST: Banks are trying to develop better brands. About time too
Unfortunately, an obvious side effect from QE Infinity is that the value of the dollars owned by savers will clearly depreciate over time.
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For haptics to get cheaper, there must be recognisable added value and the field of medical simulation is an obvious start, she said.
The solution may seem obvious: force the bats to party elsewhere, except that the British value their bats.
And to state the bloomin' obvious, only time will tell if Mr Carney will turn out to be value for money.
The obvious advantages of a licensing agreement are that it enables a company to monetize the value of its technology, does not expose the company to the difficulties of managing a business in China, and does not require a capital investment.
Equally, your citation of recent Japanese research in the use of prosthetic fingers does little service to the more recent technical developments in biometrics (there are products resistant to these attacks in varying degrees) or to the obvious fact that there is a competitive market out there, where buyers are seeking value for money and fitness for purpose.
So far this is obvious: an institution with the ability to create an infinite number of Swiss francs can always reduce the value of Swiss francs if it wants to.
It might look a statement of the obvious - but it signals that the social network is finally emerging from its state of denial about the true value of "likes", which have been presented as a valuable currency to advertisers.
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