Pecuniary values, however, are by no means all upon the same level as regards the degree in which they are institutional. All are so in the sense just indicated—that they require the mechanism of the market to define and develop them. But if we go back of this we find that some are based (so far as demand is concerned) upon rather simple human-nature values, in which the factors of special tradition and organization play no very great part. It is remarkable, when you come to think of it, how few such values there are; but those of meat and flour, of lumber, fuel, and the simpler kinds of clothing are relatively of this sort. Some, on the other hand, are the outgrowth of a complex institutional history through which it is difficult to trace the threads which connect them with the permanent needs of human nature. Such are the values of ornamental or ceremonial dress, of many of our foods, of our more elaborate houses and furniture, our amusements and dissipations, our books; and those connected with our systems of education, our churches, political institutions, and so on. The same difference runs through the values set on the services of different kinds of men. Why society should pay a substantial price for farmers and carpenters is obvious; but when you come to lawyers, stock-brokers, promoters, men of science, advertising men, and the like, not to speak of the holders of capital, who seem to be paid large sums for doing nothing at all, it is clear that the explanation is institutional, not to be reached without a study of the organic growth and interaction of social forms. And it seems clear also that values of this latter sort greatly and increasingly preponderate in our social system. There is a fallacious kind of reasoning often met with in discussions of value, which consists in taking the simplest conceivable transactions, generally those of an imaginary primitive life, noticing the principles upon which they may have been based, and then assuming that the same principles suffice for a general explanation of the complex transactions of our own life. “It is the same thing now, only more intricate,” is the supposition. This, of course, overlooks the fact that even granting that such analyses are otherwise sound, which is very questionable, the social complexity is for many purposes the essential thing in the actual value process. It involves an institutional character, which changes with the social type, which may be understood only through a knowledge of institutional organisms, and which can be reformed only by working upon and through such organisms. The study of value-making institutions becomes, then, the principal means of arriving at practical truth.