Thus it is by encountering some rival end or entire system of ends, as symbolized by an ideal, that a new end emerging out of impulse comes to stand for an agent, as the center of a problem of conduct, and so to occupy the center of attention. And it thereby becomes an Object, as we shall hold, which must be more fully defined in order that it may be _valued_, and accordingly be held to warrant a determinate attitude toward itself on the agent's part. We have now to define in the same general terms the typical economic situation. In economic theory as in common thought it is not the contemplated act of applying certain means to the attainment of an end regarded as desirable that functions as the logical subject of valuation. The thing or object valued in the economic situation is one's present wealth, whether material or immaterial, one's services or labor--whatever one gives in exchange or otherwise sets apart for the attainment of a desired end or, proximately, to secure possession of the necessary and sufficient means to the attainment of a desired end. The object of attention in the valuing process is here not itself an end of action. In this respect the economic type of judgment is like the physical, for in both the object to be valued is a certain means which one is seeking to adapt to some more or less definitely imaged purpose; or a condition of which one wishes, likewise for some special purpose, to take advantage. The ultimate goal of all judgment is the determination of a course of conduct looking toward an end, and our present problem may accordingly be stated in the following terms: Under what circumstances in the judgment-process does it become necessary to the definition and attainment of an end as yet vague and indeterminate that the requisite means, as in part already physically determined, should be further scrutinized in attention and determined from the economic point of view? Or, in a word: What is the "jurisdiction" of the economic point of view?