[28] "Jurisprudence," a lecture delivered before the faculty of Columbia University, Feb. 1908, New York, The Columbia University Press, 1909, p. 14.
[29] I ran across this in Wagner's Grundlegung. Wagner had found it in Raul. It is from Troilus and Cressida, Act II, Scene II.
[30] Davenport, Value and Distribution, pp. 184, n., and 330-31, n.; Jevons, Theory of Political Economy, pp. 14, 78-84, esp. 83. Cf. Social Value, ch. 4. This seems to be the position of Professor R. B. Perry, also, though he is not so extreme as Davenport. Loc. cit.
[31] This term carries no connotation of teleology, as here used. I am merely trying to state what the different kinds of value do, as a matter of fact.
[32] The extent to which the values of consumption goods and services are reflected in other economic values will receive attention below, in the present chapter.
[33] Cf. Social Value, p. 125, and Urban, Valuation, passim. Urban's idea of "participation values" is better expressed by Cooley's phrase, "human nature values," while Cooley's excellent phrase, "institutional values" characterizes the more complex values in which classes and institutions are specially weighted. Cf. Cooley's articles referred to above, and Social Value, chs. 11-15, inclusive.
[34] "The Institutional Character of Pecuniary Valuation," American Journal of Sociology, Jan. 1913, p. 546.
[35] This, unfortunately, is not high praise, as the Federal Judiciary in general sets a lamentably low standard in these matters.
[36] Neither "desire" nor "satisfaction" is really accurate here, but I do not wish to digress for a discussion of the psychology of value in the individual mind. The present argument can be developed without it. The matter is discussed in detail in ch. 10 of Social Value.
[37] Ross, E. A., Social Psychology, passim.