The Value of MoneyAnderson, Benjamin M. (Benjamin McAlester)
General
The Value of Money
Anderson, Benjamin M. (Benjamin McAlester)
Money
become objects of value in themselves. Analogous phenomena are common
enough in the general field of values, and are less common in the field
of economic values proper than one might suppose. Thus, most moral
values tend to become independent of their presuppositions. Moral values
of modes of conduct have commonly arisen because those modes of conduct
were, or were supposed to be, advantageous in furthering other ends.
Morality, in its essence, is _teleogical_. Yet so far have the moral
ideals become ends in themselves that it is possible to have great
thinkers, like Kant and Fichte, setting them up as eternal and
unchangeable categorical imperatives, regardless of consequences. Thus
Fichte declares, "I would not tell a lie to save the universe from
destruction." Older still is the dictum, "_Fiat justitia, ruat coelum._"
Yet truth and justice, in the history of morals, and, in the view of
most moral thinkers to-day, are of value primarily because they tend to
preserve the universe from destruction, and would never have become
morally valuable had they had the other tendency! Legal values manifest
this tendency even more--one needs only to point to our vast body of
technical rules of procedure in criminal cases, which persist long after
their original function is gone, and after they have become highly
pernicious from the standpoint of the ends originally aimed at. In the
sphere of the individual psychology the phenomenon is very common. The
miser's love for money is a classical example. The housewife who so
exalts the cleanliness of her home that the home becomes an unhappy
place in which to live, is an often-described type. The man who retires
from business that he may enjoy the gains for the sake of which he
entered business often finds that the business has become a thing of
value in itself, and longs to be back in the harness, while many men,
long after economic activity is no longer necessary, continue the
struggle for its own sake. Activities arise to realize values. The value
of the activity is derived from the value aimed at. But consciousness is
economical, and memory is short. The activities become habits. The
habits gather about themselves new psychological reactions. The
interruption of habitual activities is distasteful. Life in all its
phases tends to go on of its own momentum. The activities tend to become
objects of value in themselves, whether or not their original _raison
d'etre_ persist. In both the social and the individual sphere, apart
from blind inertia and mechanical habit, active interests tend to
perpetuate the old activities, whose _raison d'etre_ is gone. The judge
who continues to apply the outgrown absurdities of adjective law may do
it from timidity or from being too lazy to think out the new problems
whose solution must precede readjustment to present social needs, but
the criminal lawyer who can free his guilty client by means of these
technicalities has an active interest in their perpetuation. The
Public-domain text, read in full here on John Shaqi.
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