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
But surely the circle is very clear here: the price (the expression of the
value) of the good depends on the efficiency of the labor that produces it;
and the efficiency of the labor depends on the value (of which price is the
expression) of the good produced. Our "pervasive element" is complicated,
as a determinant of social value, with several factors, among them _the
value of the wealth of the different producers_, and the efficiency, which
can be defined only in terms of _value product_, of the workers. Value is
an ultimate in the explanation of value, and the effort to make individual
costs and utilities an ultimate explanation of value has failed--as it must
needs fail--even in the hands of Professor Clark.
The validity of this criticism, assuming it valid, in no way invalidates
Professor Clark's contention that value is, after all, the work of the
social organism, and that the value of a good, at a given time, measures
its importance to the social organism at that time. The difficulty with
the analysis just criticized is that it has not been an analysis of an
organic process, but rather, a mathematical study of sums. The individuals
have been treated, not as interacting in their mental processes, but as
isolated atoms, each of whom has a definite individual _quantum_ of pain or
pleasure, and the social unit of pain or pleasure has been treated as
simply a sum of these. But it is characteristic of an organism that the
simple rules of arithmetic do not hold precisely in its activity. The whole
is more than the sum of its parts, and something different from that sum.
Professor Clark elsewhere says:--
But the owner is a part of the social body, and is the
organic whole indifferent to his suffering? If so,
society is an imperfect and nerveless organism. It
ought to feel, as a whole, the sufferings of every
member, and what makes or mars the happiness of every
slightest molecule, should make or mar the happiness of
all.
A sympathetic connection between members of society
exists, etc.[86]
True: and indicative of the true line of study for the conception of value
as a product of an organic society. But in the foregoing analysis we have
no hint of "nerves" or social sympathy or other manifestation of a
collective mental activity. The "social psychology" promised on page 261 of
the article just reviewed, turns out not a social psychology at all, but
simply a summation of the results of many individual psychologies. But the
line along which the true nature of value is to be found is clearly
indicated in the general conception of the psychical organic unity of
society, and it remains for the present writer to make use of the studies
in social psychology of Tarde, Cooley, Baldwin, and others,[87] not
available, for the most part, when Professor Clark's article was written,
in an effort to get nearer the heart of the problem.
Public-domain text, read in full here on John Shaqi.
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