Jottings on Value: April 10, 1926

Abstract

N.B. The more I reflect about economic ethics and social criticism, the clearer it is that socialism, equalitarianism, and radicalism egregiously neglect this aspect of the “competitive system.” Two questions: how far the things is a game, as against a means of providing real goods, and what kind of a game, how good, and how to make it better. It is undoubtedly true to some extent that people need to be taught to be and to be “better sports” when they come out at the little end of inequality.

Citation

Emmett, R.B. (2011), "Jottings on Value: April 10, 1926", 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. 367-369. https://doi.org/10.1108/S0743-4154(2011)000029B041