In the illustration we have been considering, it will be observed, there
is an extensive schedule of present uses which the new project calls in
question and from which the means must be diverted. This is in fact the
commoner case. A new use of money will affect, as a rule, not simply a
single present mode of expenditure, but will very probably involve a
readjustment throughout the whole schedule of expenditure which our
separate past valuations of money have in effect co-operated in
establishing. So likewise if we wish to use part of a store of building
materials or of food, or of any other subdivisible commodity, we
encounter an ordered system of consumption rather than a single
predetermined use which we have not yet enjoyed. Where this is the case
the whole process of valuation is greatly facilitated, but this is not
essential. The means in cases of true economic valuation may be capable
of but a single use, like a railroad ticket or a perishable piece of
fruit, or of a virtually endless series of uses, like a painting or a
literary masterpiece. Whether the means figure as representing but a
single use or stand for the conservation of an extensive system, their
economic significance is the same. They are the "energy-equivalent" of
this use or system of uses considered as an act or system of acts of
consumption in furtherance of the self. Their past assignment meant then
and means now simply this, that the "energetic" self would thereby gain
more than it would lose through the inevitable sacrifices. This is the
economic significance of the means in virtue of which they are now
problematic to the extent of checking, for a time at least, forward
tendency toward the desired end.[146]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account