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
Conclusions reached both in economic analysis and in
sociological analysis point to values which correspond
to no individual values, great social forces of
motivation--To individual, economic, legal, and moral
values appear as external forces, over which his control
is limited, and to which he must adapt his individual
behavior--Economic theory, often unconsciously, has
assumed objectively valid, quantitative value, and
economic theory valid only on the basis of such a
concept: value the homogeneous element among the
diversities of physical forms of goods, by virtue of
which ratios, sums, and percentages may be obtained
among them, and comparisons made--Process of
"imputation" assumes such a value concept--Value used by
economists to explain motivation of economic
activity--Such a value concept essential for the theory
of money--Implied in the term, "purchasing power"--Such
a concept has never been justified, but economists, more
concerned about practical results than logical
consistency, have found it essential, and used
it--Impossible to develop a social quantity by synthesis
of abstract individual elements--Correct procedure the
reverse of this 115
CHAPTER XII
SOCIAL VALUE: THE THEORIES OF URBAN AND TARDE
Neither Urban nor Tarde primarily concerned with
economic value--Urban's important contributions--Insists
on conscious feeling as essential for social value--But
feeling may vary in intensity without affecting the
power in motivation of the value--Feeling significant
when values are to be compared--Social weight of those
who feel a value a highly significant phase which Urban
ignores--Tarde recognizes this phase, but errs in
treating it as an abstract element, which obeys the laws
of simple arithmetic 124
CHAPTER XIII
ECONOMIC SOCIAL VALUE
How get out of Austrian circle?--Temporal _regressus_
_vs._ logical analysis of the concrete whole of the
Social Mind--Even in Wieser's "natural" community,
psychic elements other than "marginal utility"
significant for the determination of economic values,
especially legal and moral values concerned with
distribution--Quotation from Mill--Critique of "pure
economic" theories of distribution--They presuppose as a
"framework" a set of legal and moral values which, in
modern times, especially, are little more stable than
"pure economic" forces, and which, in any case, are of
same nature as economic forces,--fluid, psychic
forces--"Pure economic" forces, working in _vacuo_,
would lead to anarchy; any concrete economic tendency
depends on legal and moral forces quite as much as on
"pure economic" forces--Illustrations 132
CHAPTER XIV
ECONOMIC SOCIAL VALUE (_continued_)
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