Social Value: A Study in Economic Theory, Critical and Constructive

Social Value: A Study in Economic Theory, Critical and Constructive, written by Benjamin M. Anderson in the early 20th century, examines the concept of social value within economic theory. The book critiques existing theories that merge individual and social values, arguing for a more nuanced understanding of social marginal utility and social cost. Influenced by economists like J. B. Clark, Anderson seeks to establish a valid theory of value that integrates economic analysis with social understanding, addressing the logical requirements of value to reconstruct economic theory on solid epistemological and sociological foundations.