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Social Value

Note 84 — Chapter VII

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There is a needless complication here. For Professor Clark's purposes it is not necessary to seek a unit of value; what is needed is simply a vindication of the quantitative social value concept. The unit may then be arbitrarily chosen—e.g., the amount of value in 23.22 grains of gold. Cf. the discussion of abstract units of value, infra, chap. xvii, pp. 183-84.

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