Note 87 — Chapter V
Reading edition
Cf. Böhm-Bawerk, Grundzüge, etc. (loc. cit.), pp. 5, 478, n.; Social Value, chs. 2 and 11; J. M. Clark and B. M. Anderson, Jr., in Quarterly Journal of Economics, 1915—"The Concept of Value." I may add that this equilibrium scheme is, in my judgment, equally useless as the basis of a hedonistic theory of welfare, since it is absolute amounts of utility that are significant there.