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
A temporal _regressus_, back to the first piece of wealth, which, we might
assume, depended for its value solely upon the facts of utility and
scarcity, and the existence of which furnished the first "purchasing power"
that upset the order of "natural value," might be interesting, but
certainly would not be convincing. In the first place, there is no unbroken
sequence of uninterrupted economic causation from that far away
hypothetical day to the present, in the course of which that original
quantity of value has exerted its influence. The present situation does not
differ from Wieser's situation simply in the fact that some, more provident
than others, have saved where others have consumed, have been industrious
where others have been idle, and so have accumulated a surplus of value,
which, used to back their desires, makes the wants of the industrious and
provident count for more than the wants of others. And even if these were
the only differences, it is to be noted that private property has somehow
crept in in the interval, for Wieser's was a communistic society. And
further, an emotion felt ten thousand years ago could scarcely have any
very direct or certain quantitative connection with value in the market
to-day. Even if there had been no "disturbing factors" of a non-economic
sort, the process of "economic causation" could not have carried a value so
far. It is the living emotion that counts! Values depend every moment upon
the force of live minds, and need to be constantly renewed. And there would
have been, of course, many "non-economic" disturbances, wars and robberies,
frauds and benevolences, political and religious changes--a host of
historical occurrences affecting the weight of different elements in
society in a way that, by historical methods, it is impossible to treat
quantitatively.[165]
What is called for is, not a _temporal regressus_, which, starting with an
hypothesis, picks up abstractions by the way, and tries to synthesize them
into a concrete reality of to-day, but rather a _logical analysis_ of
existing psychic forces, which shall abstract from the concrete social
situation the phases that are most significant. This method will not give
us the whole story either. Value will not be completely explained by the
phases we pick out. But then, we shall be aware of the fact and we shall
know that the other phases are there, ready to be picked out as they are
needed, for further refinement of the theory, as new problems call for
further refinement. And, indeed, we shall include them in our theory, under
a lump name, namely, the rest of the "presuppositions" of value.
Public-domain text, read in full here on John Shaqi.
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