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
And what shall we say of "inevitable economic tendencies"? A good many of
them--leading in diverse directions--have appeared in the literature of
economics. On the one hand, inevitable tendencies towards a divine
"economic harmony." On the other hand, inevitable tendencies toward
monopoly; toward ever more numerous panics; toward greater concentration of
wealth; toward proletarian misery of an ever more hopeless sort--all
bringing us finally to a socialistic state. I see no inevitable economic
tendencies anywhere. The "economic motive," as already indicated, if left
free to work in vacuo, would lead us to anarchy. But it doesn't work _in
vacuo_. And the question as to where the infinite complex of social forces
may lead us is not one that can be settled "_reinwirtschaftlich_." We can
only say that economic values, at a given moment, are the focal points at
which the laws and moral values and loves and hates, and "utilities" and
"costs" directly connected with economic goods, and the multitudinous other
values of concrete social life exert their motivating influence on the
economic activities of society. Then, given these economic values, and
assuming that they alone are of significance for the activity of society,
we may see where they would lead us. But we should still be in a world of
abstractions if we did so. For the economic social values do not exhaust
the social forces of motivation. Very much of social activity is
non-economic in character. And the force of a given moral value--say that
of elevating the condition of a degraded class--may be divided, tending
indirectly by raising the value of a certain sort of economic good, to
encourage its production, and tending directly to prevent its production.
Let us assume, for example, that this moral value leads to an increase in
the income of the degraded class, and so tends to increase the demand for
liquor; but assume, further, that this same moral value is the force
leading to a prohibition law, that forbids the production and sale of
liquor. Ethical, religious, legal, esthetic, and other values may
indirectly motivate the economic activity of men through entering into
economic values, or they may directly, in their own form, antagonize these
economic values, by constraining those who do not "participate" in them,
and by impelling those who do feel them to activities in lines other than
those where the greatest surplus of economic value is to be gained. Even,
then, though we have a theory of economic value which includes these other
social forces, we have no right to speak of "inevitable economic
tendencies." Social life is one organic whole. There is no phase of social
activity which is wholly directed by one set of values, and there is no one
set of values that exclusively depends on one sort of motive. And when we
give exclusive attention, in our study, to one set of values, as it is
often necessary to do, we must recognize that we are handling an
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