As a matter of theory a society made up of race groups co-operating in equality and good-will is not clearly impossible. But at the best it would be more like an international federation than like a nation with a single soul. We can imagine a harmonious Austria-Hungary, but should not wish our own country to resemble it. And, as a matter of fact, it has always been the case, so far as I know, that where there were race castes under the same government one of them has domineered over the rest. It is a situation by all means to be avoided if possible. There are, then, quite apart from any comparison of races as to superiority, excellent grounds of national policy for preventing their mingling in large numbers in the same state. So far as we can judge by experience, the race antagonism weakens that common spirit, that moral unity, that willing subordination of the part to the whole, that are requisite to a healthy national life. I see no reason why America and Australia should not avoid the rise of an unnecessary caste problem by restricting Oriental immigration, or why the Oriental nations should not, on the same ground, discourage Occidental colonies. Such measures would not imply anything derogatory to the other race, and, this being understood, should give no offense. _PART VI_ VALUATION CHAPTER XXV VALUATION AS A SOCIAL PROCESS THE NATURE OF VALUATION—HUMAN-NATURE VALUES AND INSTITUTIONAL VALUES—RELATION BETWEEN THE TWO—VALUES ARE PHASES OF AN ORGANIC WHOLE—AN OBJECT MAY HAVE MANY KINDS OF VALUE—VALUATION MOSTLY UNCONSCIOUS—DEFINITE VALUATION BY INSTITUTIONS The idea of valuation, familiar to all of us in the buyings and sellings of every-day life, and to students in its elaboration as the science of political economy, has been extended beyond this field of tangible exchanges until we hear discussion of values with reference to almost any kind of human activity. Painters use the word in connection with light and color, moralists in questions of conduct, and so on. Any man or group of men, in any sphere of life, it appears, may be presumed to act according to a scale of values. This broad use of the term seems to rest on the feeling that the judgment of worth is of much the same character, whether you apply it to a choice between a dozen eggs and a pound of beef in the market-place, or between shades of color or lines of conduct: it is a matter of ascertaining how much the alternatives appeal to you.