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Values and economic values

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Forum for Social Economics

Conclusion

The conclusion to this paper can be made briefly and pointedly. Analyzing utility from the perspective of axiology may not, though clearing up some ambiguities in the theory of exchange value, advance economic analysis significantly, but it has profound critical importance with respect to economic conduct.

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Footnotes

  1. Nicholas Rescher,Introduction to Value Theory, Englewood Cliffs, N. J.; Prentice-Hall, 1960; pp. 2–3.

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  2. Robert C. Angell,Free Society and Moral Crisis, Ann Arbor: University of Michigan Press, 1965; p. 18.

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  3. Gordon W. Allport,Pattern and Growth in Personality, New York: Holt, Rinehart, and Winston, 1965; p. 454 and pp. 126–7.

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  4. Max Scheler,Formalism in Ethics and Non-formal Ethics of Value, trans. M. F. Frings and R. L. Funk, Evanston: Northwestern Univ. Press, 1973; chs. 1 and 2, passim.

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  5. ibid, p. 99.

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  6. ibid, pp. 105–110.

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  7. Gunnar Myrdal,An American Dilemma, New York: Harper & Row, 1944 is a classic chronicle of how contradictory Social Values can be simultaneously espoused for centuries.

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  8. John Locke,Concerning Civil Government, Chicago: Encyclopedia Britannica, Inc., 1952, vol. 35, p. 33.

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  9. John Locke,Some Considerations on the Consequences of the Lowering of Interest, 1691, inWorks, London, 17777, vol. II, p. 28.

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  10. David Ricardo,The Principles of Political Economy and Taxation, Homewood: Irwin, 1963, p. 161.

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  11. Karl Marx,Capital, ed. F. Engels, Chicago: Encyclopedia Britannica, Inc., 1952, vol. 50, p. 13.

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  12. W. Stanley Jevons,The Theory of Political Economy, 2nd ed., fromClassics of Economic Theory, ed. G. W. Wilson, Bloomington: Indiana Univ. Press, 1964, p. 545.

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  13. Friedrich von Weiser,Social Economics, trans. A. F. Hinrichs, New York: Adelphi, 1927, pp. 144–5.

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  14. ibid, p. 39.

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  15. Alfred Marshall,Economics of Industry, London: MacMillan, 1958, pp. 61–2.

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  16. Weiser, op. cit., pp. 21–22.

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  17. Scheler, op. cit., p. 104.

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  18. Rescher, op. cit., p. 134.

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Authors
  1. Peter L. Danner
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Danner, P.L. Values and economic values. FSSE 8, 37–60 (1979). https://doi.org/10.1007/BF02958659

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