Social Value: A Study in Economic Theory, Critical and ConstructiveAnderson, Benjamin M. (Benjamin McAlester)
General
Social Value: A Study in Economic Theory, Critical and Constructive
Anderson, Benjamin M. (Benjamin McAlester)
Value
[173] The danger of the abstract individualistic study, from the
entrepreneur's viewpoint--a useful enough method within limits--is well
illustrated by Professor Davenport's contention that "men as employees are
passive facts, mere agents under the direction of managing producers, and
are therefore only potentially directing forces. The problem of production
and of marginalship is, accordingly, an entrepreneur problem." (_Op. cit._,
p. 279, n.) This is set forth as a limitation on the doctrine, stated in
the paragraph which precedes it, that "man is to be conceived as the
subject and centre of economic science, etc." Surely Professor Davenport's
contention is an impossible abstraction from the rich facts of social
control. The managing entrepreneur knows better, when he deals with union
rules and walking delegates. And the economist, tracing the subtler forces
that underlie values, and so motivate the direction of industry, should
know more, rather than less, than the entrepreneur.
[174] _Principles_, 1905 ed., pp. 147 _et seq._
CHAPTER XIV
ECONOMIC SOCIAL VALUE (_continued_)
Back to the concrete whole, then, of social-mental life. The abstract
elements with which the Austrians and the pain-abstinence cost school
undertook to solve the value problem, have their place in this whole. The
"utility" of goods to individuals, growing out of the nature of their
wants, depends very largely on social causes. Mode,[175] fashion,
custom--how powerfully they mould our wants. And individual "cost,"
likewise: a university athlete could dig a ditch far more easily, so far as
bodily pain is concerned, than could an aged negro, and yet would suffer
much more in doing it than would the negro. A social standard would bring a
feeling of shame to him which the negro would not share. If we abstract
from the concrete forms which individual wants and "costs" take, and define
them in their lowest physical terms, we might leave out a social reference.
But men do not desire raw meat, and the skins of beasts, and caves in which
to live. Their food they wish to eat in accordance with the conventions of
their class, and of a sort that their fellows eat, their water, of late,
they wish free from germs, their houses and clothing must be "in
style,"--facts well enough recognized, though not in themselves enough for
a theory of "social value." These individual "utilities" and "costs" have
little meaning till we know the social ranking of the men who feel them,
till we know how much the men who have them count for in the scale of
fundamental _human_ values. And their effect on "supply price" and "demand
price"--the money measures of infinitely complex social forces, to which
the entrepreneur immediately looks for his "cue"--has absolutely no
constant relation to their intensity. The wants of slaves may count for
little. The utterly unattractive and inefficient man may starve. The gilded
parasite of a prerevolutionary French monarch may command untold resources,
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