Social Value

Summary

Social Value: A Study in Economic Theory Critical and Constructive is a book written by Benjamin M. Anderson and was first published in 1911.

In this book, Anderson delves into the concept of social value and how it relates to economic theory. He argues that social value is not determined solely by the market forces of supply and demand, but rather is influenced by factors such as social needs, public opinion, and ethical considerations. Anderson also discusses the role of government in creating and maintaining social value and argues that it has a responsibility to ensure that resources are allocated in a way that benefits society as a whole.

Overall, "Social Value" was a pioneering work in the field of social economics, which seeks to understand how economic theory intersects with social and ethical considerations. While it may not be as widely known as some of Anderson's other works, such as "The Value of Money," it is still considered an important contribution to economic theory and is studied by scholars in the field.