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
The distribution of wealth, then, depends on social psychic forces. And
among these are the social, ethical and legal values of men and of social
classes. Economists of an earlier school took these factors for granted,
when they thought of them at all, and assumed that they are constant,
relatively unchangeable things, a sort of fixed framework within which the
forces of a Malthusian biology, or the forces of "self-interest" might
work. Commonly, indeed, they thought of them not at all, and wrote as if
the factors which they allowed to vary told the whole story. Such is,
indeed, still the procedure, in our present day "pure economic" theories of
distribution, which either exclude the non-economic factors,[171] or else
relegate them to the "pound of '_caeteris paribus_.'"[172] If ours were a
stagnant civilization, this procedure might be safe, but in a highly
"dynamic" society, where laws, morals, class relations, the very
fundamentals of organization, are being made the subjects of scrutiny,
agitation, class struggle, etc., are being subjected to "transvaluations,"
and are continually changing them with the principles, machinery and
results of distribution, and so one of the biggest factors lying back of
economic values, no study of value can afford to ignore them.
It is of course recognized that a purely ethical and legal theory of
distribution would be as much an abstraction as the "_reinwirtschaftlich_"
theory of distribution--and probably a much less useful abstraction. Either
abstraction is legitimate, if it do not seek to abolish the other factors.
We may safely enough define a set of legal and moral values, concerned with
the organization of society and industry, and, assuming them constant, a
sort of frozen framework, let man's values with reference to the immediate
consumption and production of economic goods ("utilities and costs" in
current phrase) vary, and see what the consequences, both on the ranking of
men, and the ranking of goods, will be. Or, assuming "utilities and costs"
constant, we may let the legal and moral values vary, and see what
consequences would follow. Or, assuming all other factors constant, we may
vary the size of the population, or vary the proportions between labor and
productive instruments, or between land and population, or pick out any
other factor of the concrete situation we happen to be interested in, as
the "standard of living," and let it change, and see what consequences
flow therefrom. But, in doing this, we must not forget that the other
factors remain essential, equally potent in the general situation with the
one on which we have centred our attention. And we must not forget that
changes in one factor, while we may in thought allow it to occur alone,
cannot occur without bringing in changes in the others as well. An increase
in the number of laborers, e.g., may also mean an increase of _voters_ of a
given political tendency, and may mean a change in the political power of
Public-domain text, read in full here on John Shaqi.
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