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The Issues in Value Theory

Frank H. Knight in Iowa City, 1919–1928

ISBN: 978-1-78052-008-7, eISBN: 978-1-78052-009-4

Publication date: 1 June 2011

Abstract

Utilitarianism assumed that what is good is a matter of personal preference (No. 2 in the list) but that the distribution of the good, or the means to the good (the writers thought it always a matter of means) was subject to obligation. (They had no use for esthetics, or beauty except as measured by actual desire or pleasure – they confused desire and pleasure again.) I'm not sure about Bentham (ought to read him!), having impression he thought of society as a system of “sanctions” mechanically harmonizing interests, rather than of obligations. But Albee says he recognized obligation.

Citation

Emmett, R.B. (2011), "The Issues in Value Theory", Emmett, R.B. (Ed.) Frank H. Knight in Iowa City, 1919–1928 (Research in the History of Economic Thought and Methodology, Vol. 29 Part 2), Emerald Group Publishing Limited, Leeds, pp. 381-382. https://doi.org/10.1108/S0743-4154(2011)000029B046

Publisher

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Emerald Group Publishing Limited

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