The common needs
must have their measure of recognition, but no attempted ethical
valuation of them can ever come to a result convincingly warranted to
the "energetic" self by psychological conditions. The economic situation
as such is in this sense (that is, from the standpoint of any recognized
ethical standards) unintelligible. It is this ethical unintelligibility
that often lends a genuine element of tragedy to situations which press
urgently and in which the ends at issue are of great ethical moment. It
is no small matter to the emigrant, for example, that he must cut the
very roots by which he has grown to the sort of man he finds himself to
be. His whole nature protests against this violence, and questions its
necessity, though the necessity is unmistakable and it would be quite
impossible for him not to act accordingly. Nevertheless, tragic as such
a conflict may well be, it does not differ in any logically essential
way, does not differ in its degree of strictly logical difficulty, from
the ethically much less serious economic problems of our everyday life.
Now, we have already defined the economic act for which economic
judgment is preparatory as being, in general terms, the diversion of
certain means from a present use to which they have been devoted to a
new use which has come to seem in a general way desirable.[145] Thus, in
the cases just mentioned, the lawyer contemplates the virtual purchase
of his new career by the income which his profession might in years to
come afford him, the emigrant seeks a better market for his labor, and
the pleasure-seeker and the ambitious student and the buyer of a
commodity in the market propose to themselves, each one, the diversion
from some hitherto intended use of a sum of money. Manifestly it is
immaterial from our logical point of view whether the means in question
which one proposes to apply in some new way are in the nature of
physical and mental strength, or materials and implements of manufacture
ready to be used, or means of purchase of some sort wherewith the
desired service or commodity may be obtained at once. The economic
problem, to state it technically, is the problem of the _reapplicability
of the means_, interpreting the category of means quite broadly.
In a word, then, the method of procedure adapted to the economic type of
situation is that of valuation of the means, not that of direct
valuation of the ends. This method is one of valuation since, like the
ethical method, it is determinative of a purpose, but it accomplishes
this result in its own distinctive way. The problem of our present
analysis will accordingly be how this method of valuation of the means
is able to help toward an adjustment of disparate or unrelated ends
which the ethical method is inadequate to effect.
Public-domain text, read in full here on John Shaqi.
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