Note 2 — Chapter I
Reading edition
Cooley, C. H., "Valuation as a Social Process," Psych. Bull., Dec. 15, 1912; "The Institutional Character of Pecuniary Valuation," American Journal of Sociology, Jan. 1913; "The Sphere of Pecuniary Valuation," Ibid., Sept. 1913; "The Progress of Pecuniary Valuation," Quart. Jour. of Econ., Nov. 1915. Clark, J. M., "The Concept of Value," and "A Rejoinder," Quart. Jour. of Econ., Aug. 1915. Anderson, B. M., Jr., "The Concept of Value Further Considered," Ibid.; "Schumpeter's Dynamic Economics," Pol. Sci. Quart., Dec. 1915. Perry, R. B., "Economic Value and Moral Value," Quart. Jour. of Econ., May, 1916. Bilgram, Hugo, "The Equivalent Concept of Value," Ibid., Nov. 1915. Haney, L. H., "The Social Point of View in Economics," Ibid., Nov. 1913 and Feb. 1914. Johnson, A. S., in American Economic Review, June, 1912, pp. 320 et seq. Carver, T. N., in Jour. of Pol. Econ., June, 1912. Mead, G. H., in Psych. Bull., Dec. 1911. Ellwood, C. A., in American Jour. of Sociology, 1913. Ansiaux, M., in Archives Sociologiques, Bulletin de l'Institut de Sociologie Solvay, May 25, 1912, pp. 949-55.
Professor Cooley's articles, which I have listed first in this note, have in certain important particulars shifted the emphasis and changed the method of approach. He is more interested in the general sociological aspects of the value problem than in the technical economic aspects. In considering economic value, he is more interested in its general social functions than in its function as a tool of thought for the economic theorist. He has, therefore, been less bound by schemata than I have in the discussion. This different method of approach, coupled with a singular charm in exposition which characterizes everything Professor Cooley writes, makes it seem probable to me that readers who may find the doctrine as I set it forth unconvincing, will be convinced by Professor Cooley's exposition. I hope, too, that Professor Cooley's articles, which have been scattered among three periodicals, may soon appear together under one cover.