In like manner, perceiving that pecuniary values give in many respects a
debasing reflection of life, we are tempted to rule them out of the
ethical field and consign them to an inferior province. The price of a
thing, we say, is a material matter which has nothing to do with its
higher values, and never can have. This, however, is bad philosophy, in
economics as in religion. The pecuniary values are members of the same
general system as the moral and æsthetic values, and it is part of their
function to put the latter upon the market. To separate them is to
cripple both, and to cripple life itself by cutting off the healthy
interchange among its members. Our line of progress lies, in part at
least, not over commercialism but through it; the dollar is to be
reformed rather than suppressed. Our system of production and exchange
is a very great achievement, not more on the mechanical side than in the
social possibilities latent in it. Our next task seems to be to fulfil
these possibilities, to enlarge and humanize the system by bringing it
under the guidance of a comprehensive social and ethical policy.
CHAPTER XXVIII
THE PROGRESS OF PECUNIARY VALUATION
VALUES EXPRESS ORGANIZATION—DIFFERENT KINDS OF VALUE, HOW RELATED—ALL
KINDS ARE MENTALLY COMMENSURABLE—PECUNIARY VALUES SHOULD
APPARENTLY EXPRESS ALL OTHERS, BUT DO SO IMPERFECTLY—THEY ARE
MOULDED BY A SPECIAL INSTITUTIONAL PROCESS—CLASS AGAIN—ORGANIZED
RECOGNITION AND COMPETITION—CONDITIONS OF PROGRESS IN MARKET
VALUES—PROGRESS-VALUES—EXAMPLES OF UNPROGRESSIVE VALUES—NEED OF
SOCIAL GROUPS AND DISCIPLINES—INSTANCES OF PROGRESS—PROGRESS IN
THE PECUNIARY VALUATION OF MEN
To make clear what I mean by progress in pecuniary valuation, let me
recall something of the nature of values in general and of the relation
of the various kinds to one another.
Public-domain text, read in full here on John Shaqi.
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