Ich halte diesen Gebrauch f r nicht empfehlenswert. Dies ist irref hrend. The ordinary conception, which makes price the social estimate put upon goods, has to the superficial judgment the attraction of simplicity. A good A whose market price is 100 is not only ten times as dear as B whose market price is no, but it is also absolutely and for every one ten times as valuable. In our conception the matter is much more complicated. . . .
Price alone forms no basis whatever for an estimate of the economic importance of the goods.
We must go further and find out their relation to wants. But this relation to wants can only be realised and measured individually. . . . And the question how it is possible to unite those divergent individual valuations into one social valuation, is one that cannot be answered quite so easily as those imagine who are rash enough to conclude that price represents the social estimate of value. Forschung die Psyche einer fabelhaften Collectiv-Pers nlichkeit nicht existirt, so kann der Ausgangspunkt unserer Untersuchung auch wieder nur der Individualwerth seen. Whatever the worth of the conception of social value, it is not the same as the Austrian theory.