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
Another distinction must be made. There is, to be sure, at any given time,
a pretty definitely limited[192] amount of social _productive energy_. This
energy can be distributed among only a limited number of products. Hence,
there can be only a limited number of objects to receive value from the
mental energies of society. But does it follow from this that what we may
call the social energy of value-giving is a limited thing? Or, granted that
it is limited, does it necessarily follow that the limits are fixed and
rigid? Cannot circumstances arise which will make it vary in amount? If a
new want arises, does it necessarily follow that all the old wants become
less intense in the exact degree that the new want is intense? Must a
quantum of value be withdrawn from the old objects precisely equal to that
which is attached to the new object? This doctrine is deliberately
affirmed, so far, at least, as the individual is concerned, in the article
on "Worth"[193] in Baldwin's _Dictionary of Philosophy_, etc.:--
The struggle for existence among dispositions, which
are at once the objects of ethical valuation and the
source of value reactions, springs out of the nervous
conditions of these dispositions. While there dwells in
each the tendency to utmost activity under the given
conditions, yet, since the valuing subject is master of
only a limited energy of valuation, i.e., nervous
energy, the increase of value of any given disposition
must necessarily cause others to decrease. In any case
increase of values is always relative.
Public-domain text, read in full here on John Shaqi.
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