POLITICAL ECONOMY
62
means are not measurable absolutely but
only in relation to one another. Here, it
may be pointed out, is to be found an explanation
of the indeterminate value of initial
increments of indispensable goods. Whenever
a means to the end which gives the
impulses measured in demand—the end consisting,
as has been said, in harmonious
living according to some standard—whenever
such a means is absolutely indispensable, it
ceases to have the property of relative conduciveness
and its measurement becomes
impossible. These points are worth a fugitive
notice for the sake of the student with a
philosophical bent, but it must be understood
that, inasmuch as the economist qua economist
need not go behind preferences, no dogmatic
pronouncements on philosophical issues are
here intended.