The origins of both economic and philosophical value theory are examined and shown to be closely related. The status of neo-classical value theory is that it is internally flawed in any attempt to describe the real world. Cost-benefit analysis as it applies to the valuation of environmental agents relies upon the claim that this neo-classical theory has a particular status in optimal welfare maximisation and, therefore, suffers the same problems of internal consistency. Economic valuation of the environment is not a (...) scientific process derived from external law but a social process relying upon social agreement. Alternatives to economic valuation are considered and may possess a more plausible social base. However, all environmental valuation is at odds with beliefs based upon the existence of objective and intrinsic values. (shrink)

Within the purview of the sociology of knowledge Durkheim and Scheler appear among its important inaugurators theorizing the social foundations of knowledge, seemingly from mutually exclusive perspectives. Scheler’s phenomenology of values and community is often juxtaposed with Durkheim’s attempt to integrate values in reality, represented by the social configuration of organic solidarity. This essay argues that the affinity between Scheler and Durkheim deserves reexamination. Means employed for pursuing this aim include a reconsideration of how values mediate reality, but, above all, (...) an attempt to show that both thinkers converge on their principal normative goal. This is no other than a global community of solidarity which both Scheler and Durkheim, albeit through different trails, visualize as the culmination of value-ethics. While Durkheim pursues this goal through a systematic exposition of the transition from mechanical to organic solidarity, late Scheler’s view of ‘the age of adjustment’ discloses a normative approach on modernity at odds with the then prevalent Kulturkritik . This ideal helps to rehabilitate Scheler and to approach the notions of sociality, the sociology of knowledge and the configuration of the ‘encompassing person’ through Durkheimian lenses. The essay concludes with a brief appraisal of theoretical gains drawn from this newly lit affinity. (shrink)