liar enhancement.
It seems that the social nature of the judgment plays a part also in the
varying objectivity of values. It is undoubtedly true that some values
are treated as belonging to objects. If we cannot explain this fully we
may get some light upon the situation by noticing the degree to which
this is true in the cases of the kinds of values already described.
Economic values are dubiously objective. We use both forms of
expression. We say on the one hand, "I want wheat," "There is a demand
for wheat," or, on the other, "Wheat is worth one dollar a bushel."
Conversely, "There is no demand for the old-fashioned high-framed
bicycle" or "It is worthless." The Middle Ages regarded economic value
as completely objective. A thing had a _real value_. The retailer could
not add to it. The mediaeval economist believed in the externality of
relations; he prosecuted for the offenses of forestalling and regrating
the man who would make a profit by merely changing things in place. He
condemned usury. We have definitely abandoned this theory. We recognize
that it is the want which makes the value. To make exchange possible and
socialize to some degree the scale of prices we depend upon a public
market or a stock exchange.
In values of personal affection we may begin with a purely individual
attitude, "I love or esteem my friend." If I put it more objectively I
may say, "He is an honored and valued friend." Perhaps still more
objectively, we--especially if we are feminine--may say "Is not X dear?"
We may then go on to seek a social standard. We perhaps look for
reinforcement in a small group of like-minded. We are a little perplexed
and, it may be, aggrieved if other members of the circle do not love the
one whom we love. In such a group judgment of a common friend there is
doubtless greater objectivity than in the economic judgment. The value
of a friend does not depend upon his adjustment to our wants. As
Aristotle pointed out, true friendship is for its own sake. Its value is
"disinterested." If a man does not care for an economic good it does not
reflect upon him. He may be careless of futures, neglectful of corn,
indifferent to steel. It lessens the demand, lowers the values of these
goods, an infinitesimal, but does not write him down an inferior person.
To fail to prize a possible friend is a reflection upon us. However the
fact that in the very nature of the case one can scarcely be a personal
friend to a large,
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