Explanation:

- Parsons (Option 4): Talcott Parsons emphasized the role of social systems and institutions in maintaining value orientations, focusing on the integration and functioning of society through institutions. This aligns with examining the "institutionalization of patterns of values orientation in the social system."

- Correct Answer: Parsons

- Marx (Option 1): Karl Marx concentrated on class struggle and economic factors as the primary drivers of societal change, rather than the institutionalization of value patterns.

- Weber (Option 2): Max Weber focused on the understanding of social action and the significance of cultural values and beliefs in shaping society.

- Merton (Option 3): Robert K. Merton is known for his theories on social structure and anomie, but not specifically for the institutionalization of values in the same manner as Parsons.