Why water is not an ordinary economic good

Water is not a normal economic good. It has a large number of characteristics that distinguish it from other goods. Individually, these characteristics may not be unique, but their combination makes water a special economic good. Economists maintain that water professionals fail to see the larger picture because they are inhibited by their detailed knowledge of the subject. Much like the father who refuses to see that his daughter is just a girl. The metaphor about the girl refers to the fact that people always consider something which is close to their heart as special. One could also blame water professionals for not seeing that water is just a normal economic good. The paper argues that there are good arguments to consider water is a special economic good. As a result, the application of regular economic theories to water resources management is not very efficient