ABSTRACT
This chapter considers the whole class of values whose realization lies at a remote future time and inquire into the conditions for their implementation into actual behavior. The problem of the formal conditions for realizing values remote in time turns out to be a problem of the conditions under which values become institutionalized. The fact of the matter is that future-referring values can only be institutionalized under special circumstances that may be fairly well predicted by one who knows the relevant facts in a given situation. The hypothesis may be advanced, then, that man is only able to plan for futures which lie within micro-time, and even then only under certain formal conditions. The anomalous relationship between resource values and resource decisions is even more clearly indicated in an attitude study of 1500 New York farmers who represented all the agricultural counties of the state.
