Note 10 — Chapter I

Davenport, "Seligman, 'Social Value,'" Journal of Pol. Econ., 1906; Value and Distribution, Chicago, 1908. This last work reproduces, in abridged form, the article on Professor Seligman, in a footnote, pp. 444 et seq. Schumpeter, "On the Concept of Social Value," Q. J. E., Feb., 1909; "Die neuere Wirtschaftslehre in den Vereinigten Staaten," Jahrbuch für Gesetzgebung, Verwaltung und Volkswirtechaft im Deutschen Reich, 1910, pp. 913 et seq. In the last-named article (p. 925, n.) Professor Schumpeter indicates that his objection to the social value concept relates not so much to the question of fact as to the question of method. The English article in the Quarterly Journal contains Schumpeter's fullest treatment of the topic.