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absolute abstract activity Adam Smith analogy Austrian School chap chapter cial commodities conception of value concrete consciousness cost course criticism curve definite desire discussion doctrine economic theory economic values economists element epistemology equilibrium essential exchange value existing explain fact factors feeling fessor function Gabriel Tarde hedonism Ibid individual mind J. S. Mill Jevons John Dewey labor laws legal values logical means measure monad moral values motivation nature of value nomic objective value Pareto phase phenomena philosophy physical presuppositions price analysis Principles problem production Professor Clark Professor Davenport Professor Seligman psychic forces ratio of exchange recognize relation relative significant social forces social mind Social Organization social value society sociological sort supra Tarde theory of prices theory of value thing tion unit unity valid Value and Distribution value concept value theory whole Wieser writers
Page 138 - The laws and conditions of the production of wealth, partake of the character of physical truths.
Page 138 - The distribution of wealth, therefore, depends on the laws and customs of society. The rules by which it is determined, are what the opinions and feelings of the ruling portion of the community make them, and are very different in different ages and countries; and might be still more different, if mankind so chose.
Page 137 - holds that " value is the power which an article confers upon its possessor, irrespective of legal authority or personal sentiments, of commanding, in exchange for itself, the labor, or the products of the labor, of others.
Page 66 - Ah, sir — a distinct universe walks about under your hat and under mine — all things in nature are different to each— the woman we look at has not the same features, the dish we eat from has not the same taste to the one and the other — you and I are but a pair of infinite isolations, with some fellow-islands a little more or less near to us.
Page 138 - It is not so with the Distribution of Wealth. That is a matter of human institution solely. The things once there, mankind, individually or collectively, can do with them as they like.
Page 138 - ... interfere en masse, or employ and pay people for the purpose of preventing him from being disturbed in the possession. The distribution of wealth, therefore, depends on the laws and customs of society. The rules by which it is determined, are what the opinions and feelings of the ruling portion of...
Page 81 - The unity of the social mind consists not in agreement but in organization, in the fact of reciprocal influence or causation among its parts, by virtue of which everything that takes place in it is connected with everything else, and so is an outcome of the whole.
Page viii - ... a committee composed of Professor J. Laurence Laughlin, University of Chicago, Chairman Professor JB Clark, Columbia University Professor Henry C. Adams, University of Michigan Horace White, Esq., New York City, and Professor Edwin F.
Page 116 - ... presuppositions" include elements in the minds of other men, and they themselves constitute part of the "presuppositions" of the values in the minds of other men. Finally, there are values which correspond to the values of no individual mind, great social values, whose presuppositions are tremendously complex, including individual values in the minds of many men, as well as other factors which we shall have to analyze in considerable detail, great social values whose motivating power directs...