The economic process thus presents on analysis the same factors as does the ethical. On the subject side we have the means--which as economic are problematic as to their reapplicability. On the predicate side we have the suggested mode of reapplication in tension against conservative ideals of application to established purposes. Just as it may be held that the general ethical predicate is that of Right or Good--that is, deserving of adoption into the system of one's ends--so the economic predicate applied to the means as these come in the end to be defined is the general concept Reappliable. And in general the distinction of the types is not an ultimate one, for the more deliberately and rigorously the method of economic valuation is pursued--in such a case, for example, as that of the prospective emigrant--the stronger will be the agent's sense of a genuinely ethical sanction as belonging to the decision which is in the end worked out. The more certain and sincere, therefore, will be the agent's judgment that the means must be reapplied, for on the sense of sanction of which we speak rests the explicit judgment that the purpose formed is expansive of the self.
From the analysis thus presented it must appear, therefore, that the economic type of judgment is in our sense a constructive process. Its function is to determine a particular commodity or portion of a stock of some commodity in its economic character as _disposable_, and in performing this function it presents a definite reality in the economic order. Moreover, in thus defining the particular, recourse is had to more or less distinctively namable economic standards which are in the last resort symbols representing established habits of consumption in the light of which the means, _prima facie_, seem not to be available for any other purposes. These economic standards, like ethical standards and the class concepts of science and our ordinary perceptual experience, are, with all due respect to nominalism, constitutive of a real world--a world which is real because it lends form and significance to our knowledge of particulars as stimuli to conduct.
We have now before us sufficient reason for our thesis that the valuation-process in both its forms is constructive of an order of reality, and we have sufficiently explained the relation which the economic order bears to the inclusive and logically prior order of ethical objects and relations. We are now in a position to see that in being thus constructive of reality (taking the conception in its proper functional meaning) they are at the same time constructive of the self, since the reality which they construct is in its functional aspect the assemblage of means and conditions, of stimuli, in short, for the development and expansion of the self. We shall bring this main division of our study to a close with a series of remarks in explanation and illustration of this view.