Jottings on Value: October 8, 1925

Abstract

The big idea is that of “noneconomistic” value, but it keeps taking new forms, showing in new lights. Values beyond technique, or the whole category of “prediction and control.” In social relations, we have two mechanical systems of interrelationship among humans, which we call legal and economic. Both are economic in the broad sense, “economistic.” Both are forms of co-operation. Both are fatal to sociability, companionableness.

Citation

Emmett, R.B. (2011), "Jottings on Value: October 8, 1925", Emmett, R.B. (Ed.) Frank H. Knight in Iowa City, 1919–1928 (Research in the History of Economic Thought and Methodology, Vol. 29 Part 2), Emerald Group Publishing Limited, Leeds, pp. 357-358. https://doi.org/10.1108/S0743-4154(2011)000029B038