Note 113 — X

The right of Prudence to rank among the virtues cannot, on our present view, be questioned. Economic judgment, though it must be valuation of means, is essentially choice of ends—and, as would appear, choice of a sort peculiarly difficult by reason of the usually slight intrinsic relation between the ends involved and also by reason of the absence of effective points of view for comparison. Culture, as Emerson remarks, "sees prudence not to be a several faculty, but a name for wisdom and virtue conversing with the body and its wants." And again, "The spurious prudence, making the senses final, is the god of sots and cowards, and is the subject of all comedy.... [The true prudence] takes the laws of the world whereby man's being is conditioned, as they are, and keeps these laws that it may enjoy their proper good" (Essay on Prudence).