According to a widely accepted reading of the "Ethics," Spinoza subscribes to a desire-satisfaction theory of value. A desire-satisfaction theory says that what has value is the satisfaction of one’s desires and whatever leads to the satisfaction of one’s desires. In this paper I argue that this standard reading is incorrect, and I show that in Spinoza’s view the foundation of what is truly valuable is the perfection of a person’s essence, not the satisfaction of a person’s desires.

Originally published in 1987 and re-issued in 2020 with a new Preface, this book presents and elaborates interrelated solutions to a number of problems in moral philosophy, from the location of intrinsic value and the nature of a worthwhile life, via the limits of obligation and the nature of justice, to the status of moral utterances. After developing a biocentric account of moral standing, the author locates worthwhile life in the development of the generic capacities of a creature, whether human (...) or nonhuman, and presents an account of relative intrinsic value which later generates a theory of interspecific justice. This value-theory also informs a consequentialist understanding of obligation, of moral rightness and of supererogation. The understanding thus supplied is shown to cope with the problems of integrity, of justice and of the 'Repugnant Conclusion' in population ethics. A cognitivist account of ethical conclusions such as those so far reached is then defended against non-cognitivist and relativist objections and a far-reaching naturalist theory is defended, integrating earlier conclusions with an account of the logic of the fundamental ethical concepts. This wide-ranging volume which maps the whole area of morality is thoroughly argued with reference both to contemporary philosophical developments and to classical theories. (shrink)

A prominent member of the second generation of Cambridge Keynesians, Luigi Pasinetti has been a key player in the development of neo-Ricardian economics as well. Having studied under Piero Sraffa at Cambridge, he developed a mathematical representation of Ricardo's theory of value and distribution, as well as the reswitching problem in neoclassical capital theory: thus making him a leader of the British Cambridge side during the Cambridge Capital Controversy. Since leaving Cambridge for Rome, he has become particularly interested (...) in structural change, i.e. the responses of multi-sectoral models of the economy to technical changes. This book draws together Pasinetti's main contributions in the field of value theory. (shrink)

This book explores the theory of value structure, or axiology, in metaethics and defends the thesis that aspects of “better than” comparisons may outrank each other and that value cannot always be summed up neatly.

Joseph Raz presents a penetrating exploration of the interdependence of value, reason, and the will. These essays illuminate a wide range of questions concerning fundamental aspects of human thought and action. Engaging Reason is a summation of many years of original, compelling, and influential work by a major contemporary philosopher.

Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.

Contemporary medical practice and health policy are increasingly animated by the concept of providing high value care. Nevertheless, there can be disagreements about how value is defined and from whose perspective. Individual patients suffering from terminal cancer, for example, may have a different perception of the value of an expensive chemotherapy when compared to health policymakers, insurers, or others responsible for the financial solvency of health care organizations. Thus it seems reasonable to ask what is meant by “value” in high (...) value care. In light of Edmund Pellegrino’s significant contributions to the philosophy of medicine, medical humanities, and bioethics, it seems equally reasonable to examine how he might answer it. This paper describes a Pellegrino-inspired theory of value that is instrumental, agent relative, and pluralistic. It then compares and contrasts this to the contemporary view and argues that only when individual patients incorporate concern for societal-level value into their conceptions of the highest good can the Pellegrino-inspired and contemporary views of value be reconciled. (shrink)

Moral philosophy and education, by H. D. Aiken.--The moral sense and contributory values, by C. I. Lewis.--Realms of value, by P. W. Taylor.--The role of value theory in education, by J. D. Butler.--Does ethics make a difference? By K. Price.--Educational value statements, by C. Beck.--Educational values and goals, by W. K. Frankena.--Conflicts in values, by H. S. Broudy.--Levels of valuational discourse in education, by J. F. Perry and P. G. Smith.--Education and some moves toward a value (...) methodology, by A. S. Clayton.--You can't pray a lie, by M. Twain.--Men, machines, and morality, by J. F. Soltis.--Teaching and telling, by I. Scheffler.--Reason and habit, by R. S. Peters.--The two moralists of the child, by J. Piaget.--Causes and morality, by R. S. Peters.--On education and morals, by R. W. Sleeper.--Moral autonomy and reasonableness, by T. D. Perry. (shrink)

Contemporary reflection on the concept of value oscillates between positions that advocate absolutist realism and positions that propose total relativism. The present paper aims to distance itself from these two ways of reading the topic, rejecting any monolithic conception, and proposing a stratified theory of value. Beginning with an analysis of values that differentiates them from both “goods” and “valuations,” the author outlines an understanding of value that must be investigated in its multiple, interconnected layers. The stratification starts (...) from the role of the emotional sphere and comes down to a formal and absolute conception of the concept. The goal of the paper is to outline the different levels of validity of each proposed layer, which must be recognized and differentiated, with the aim of also capturing the difficulties and ambiguities that characterize the transition from one level to another. (shrink)

This chapter discusses different accounts of how to aggregate individual advantages, including utilitarianism, egalitarianism, prioritarianism, and leximin. It distinguishes between these principles in terms of conditions such as the Pareto principle, strong separability, relationality, and the Pigou-Dalton principle of transfer. Furthermore, it accounts for how these distributive principles may be justified and for the main strengths and weaknesses of each. In particular, it focuses on the extent to which these principles violate the separateness of persons and whether they invite the (...) leveling down objection, and if so how damaging such violations and objections are. Finally, some general worries about aggregation are considered. (shrink)

This thesis is neither e page to page commentary nor en assessment of Hume's place in the history of Philosophy. It mainly consists in an attempt at justifying a certain approach to the Interpretation of his theory of value with special reference to morals.

Psychological questions within philosophical ethics, although very often deeply distrusted, are justified if we presume the ultimate unity of the ethical and psychosocial subject. Such questions are especially well-grounded when we deal with a philosophy that is as practical as Stoicism. Because of both their contents and origins, the theories of values and emotions proposed by this ancient school may attract the suspicious attention of psychologists. For there are good reasons to suggest that the ideas in question were neurotic (...) – that they arose from and caused neurosis. This hypothesis can be verified within the framework of Paul Tillich’s multidisciplinary conception of neurosis. After a somewhat more detailed analysis, it turns out that the Stoic conception is in principle neither the result nor the cause of neurotic disturbances. Furthermore, it seems that it is quite the contrary – it causes people to flourish psychologically and existentially. It must nevertheless be emphasized that Stoic philosophy, if misunderstood or led astray, still might become neurotic in character. (shrink)

Introduction -- Creative actualization -- Modes of value -- Moral justification -- Creative actualization and the world -- Critical evaluation of metaphysical value theories -- Critical evaluation of subjective value theories -- Critical evaluation of relational value theories -- Conclusion : value hierarchies and value autonomy.

This chapter contains sections titled: Introduction Qualitative Hedonism Objections to Mill's Qualitative Hedonism: Internal Inconsistency and Value Pluralism The Judgment of Competent Agents: Self‐Development and Value Measurement Self‐Development and Virtue Ethics Further Reading.

The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. The mathematical tools and properties for this theory have developed over time to accommodate and incorporate developments in economic theory, from multiple markets and economic agents to theories of production.Yves Balasko offers an extensive, up-to-date look at the standard theory of general equilibrium, to (...) which he has been a major contributor. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model, from basic consumer theory and exchange economies to models with private ownership of production. Balasko examines properties of the standard general equilibrium model that are beyond traditional existence and optimality. He applies the theory of smooth manifolds and mappings to the multiplicity of equilibrium solutions and related discontinuities of market prices. The economic concepts and differential topology methods presented in this book are accessible, clear, and relevant, and no prior knowledge of economic theory is necessary.General Equilibrium Theory of Value offers a comprehensive foundation for the most current models of economic theory and is ideally suited for graduate economics students, advanced undergraduates in mathematics, and researchers in the field. (shrink)

Excerpt from A Study in the Theory of Value The thesis which I wish to defend in the present essay is a very common one, believed, I think, by most people, but usually only approximately and only half-heartedly, and expressed vaguely if expressed at all. Some such belief is in fact present whenever we reflect upon acts that stir our interest; but the belief baldly expressed in propositions sounds fanciful or weak or sentimental, and we avoid pronouncing it clearly (...) in much the same way as that in which we hurry over an expression in an unfamiliar language - partly from modesty, but. Mostly from fear of appearing ridiculous and from inner conviction Of ignorance. Our belief, in other words, not Only seems to us sentimental and weak when we approach the formulation of it in a creed, but it actually is sentimental and weak when thus formulated, and this for the reason that we have not taken the trouble to make the formulation accurate or definite. On the one hand we are afraid of seeming. Sentimental; on the other hand we do not know what our belief really is, nor what definite formula embodying it will stand the test of logical criticism. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. (shrink)

In Emile, Rousseau claims that the value of women ought to be determined by the opinion that men have of them. Women, contrary to commodities and men, escape what I call Rousseau's “dual theory of value.” According to the latter, the apparent value of commodities and men is determined by opinion and either unrelated or inverse to “real value,” which is assessed through objective criteria. The dual theory of value is the basis of Rousseau's critique of commercial society. (...) However, women warrant an exception to this theory. As women's apparent worth is their real worth, women are the unique object in the world that ought to be subjected to the rule of opinion, which is the rule of commercial market that Rousseau so violently rejects. This article investigates why this is the case and locates three functions to the unique position of women in Rousseau's theory of value. (shrink)

The purpose of this article was to investigate the potential that the labour and subjective theory of value in the agricultural context may have for the interpretation of Matthew 20:1–16. This investigation highlighted the divergence in wages between workers, the exuberant remuneration strategy of the landowner, his generosity, the indignation of the labourers hired first and the landowner’s reluctance to reimburse them. I argued that the classic labour theory of value provides an explanation of why the indignant labourers (...) were angry and felt unjustly treated. However, it fails to account for the divergence in remuneration more appropriately addressed by subjective theory of value that focuses on the use value of goods and marginal utility. Finally, the agrarian theory provides perspective on the unwillingness of the landowner to reimburse the indignant labourers and the mystery of meaningful labour in agriculture that serves as a metaphor for the kingdom of heaven.Contribution: In the article, labour and subjective theory of value were introduced from an agrarian perspective to enlighten the hermeneutics of the parable. (shrink)

The proof theory of many-valued systems has not been investigated to an extent comparable to the work done on axiomatizatbility of many-valued logics. Proof theory requires appropriate formalisms, such as sequent calculus, natural deduction, and tableaux for classical (and intuitionistic) logic. One particular method for systematically obtaining calculi for all finite-valued logics was invented independently by several researchers, with slight variations in design and presentation. The main aim of this report is to develop the proof theory of (...) finite-valued first order logics in a general way, and to present some of the more important results in this area. In Systems covered are the resolution calculus, sequent calculus, tableaux, and natural deduction. This report is actually a template, from which all results can be specialized to particular logics. (shrink)

The connection of value-experience with activity has led to the widespread modern tendency to interpret value in terms of interest. To value a thing is certainly to take an interest in it, and there can be no doubt that the value any object has for us tends to vary with the interest we take in it. The suggestion readily arises, therefore, that the value of any object simply is the interest we take in it. The difficulty with views of this (...) type is that interest is a distinctly subjective category while value is persistently spoken of as if it were somehow objective. Indeed, the term “value” would lose the most essential element of its meaning if it could not be applied to objects of common knowledge in such a way that two people could significantly discuss the question as to whether the object A is not more valuable than the object B and each, on the basis of his own interest and experience, defend a different view. I do not think the subjectivity of value can be as easily disposed of as does Laird1 in discussing the argument, “Beauty is not in the aurora. Therefore it is in the beholder's mind.” This, he says, leads to the absurdity, “Therefore the beholder's mind is beautiful.” The apparent absurdity is due to the ambiguity of the term “beautiful.” It is applied either to an experience or to the object of that experience. (shrink)

interpretation of Marx's economic theory of value. which has been widely accepted up to this day, is based on Marx's approach to a theory of value in his third volume of Capital. But the theory of value of the first volume of Capital, implied by Marx's analyses in the first volume of Capital and only summarized in its first chapter, is inconsistent with the third volume's approach. It is consistent with theories of value which do not hold (...) that prices are deter mined by labour. (shrink)

This paper presents a basically new theory of values. Potential goods such as flying machines have been creatively actualized and thus value is creative actualization. Norms, ideals, standards, and theories also require creative actualization. As actions melioristically transform the world for the better, the goals of action provide purpose and meaning, as well as the ground of change, a superior goal providing the end for which agents undertake action. The kinds of value represent irreducibly plural categories of good: (...) beauty, knowledge, prosperity, intimacy, and so on. (shrink)

Social Catholic criticisms of Frédéric Bastiat’s thinking, notably Charles Périn’s, clarify the link between the labour theory of value and the demands for social justice. Claiming that Bastiat’s theory of value rests on a sophism, Périn rejects his view that competition is the solution to the social question. Contrary to Bastiat, indeed, he accepts the labor theory of value and apparently makes it a standard of justice: according to him, rents sanction an injustice. Social Catholics, particularly René (...) de La Tour du Pin, follow in his tracks, insisting that a specific course must be taken so as to set right the injustice of rents — the course of what will be called furtherly ‘social justice’.Les critiques portées par les catholiques sociaux à la doctrine de Frédéric Bastiat, notamment celles de Charles Périn, permettent de comprendre le lien qui unit la théorie de la valeur travail et l’exigence de justice sociale. Périn affirme que la théorie de la valeur de Bastiat repose sur un sophisme et repousse donc sa réponse à la question sociale, la concurrence. Il a adopté en effet, au contraire de Bastiat, la théorie de la valeur travail et l’a érigée, semble-t-il, en critère de justice : la rente consacre, à ses yeux, une injustice. A sa suite, les catholiques sociaux, exemplairement, René de La tour du Pin, affirmeront qu’il faut mener une action spécifique pour corriger l’injustice de la rente et l’appelleront justice sociale. (shrink)

The purpose of this paper is to study an analogue of Hilbert's seventeenth problem for functions over a valued field which are integral definite on some definable set; that is, that map the given set into the valuation ring. We use model theory to exhibit a uniform method, on various theories of valued fields, for deriving an algebraic characterization of such functions. As part of this method we refine the concept of a function being integral at a point, and (...) make it dependent on the relevant class of valued fields. We apply our framework to algebraically closed valued fields, model complete theories of difference and differential valued fields, and real closed valued fields. (shrink)

This dissertation is an ontological investigation of value. The thesis is this: Value is a moment founded on a real entity and, in this sense, value is real. I argue that this thesis is true for all objects in the domain of value by looking at three distinct categories of value: economic value, aesthetic value, and moral value. And I demonstrate by means of advancing definitions, and the necessary and sufficient conditions for each of these three categories of value, that (...) this thesis is the essential glue that holds all values in the realm of social reality as part of the genus value. There are two restrictions to this thesis. One restriction is that the real existence of value is possible only if there is a relation of correspondence between a value judgment and its referent. A false value judgment, then, fails to correspond to its intentional target so there is no possible value. The other restriction is that the value entities are either concrete objects that have at least temporally come into being, or actual states of affairs with a spatial and temporal location. Both of these restrictions combined imply that no future states of affairs, or objects which either have not or cannot come into being, can be objects of value. This dissertation draws from sources in the Central European philosophical tradition. (shrink)

Christian von Ehrenfels was a student of both Franz Brentano and Carl Menger and his thinking on value theory was inspired both by Brentano’s descriptive psychology and by the subjective theory of economic value advanced by Menger, the founder of the Austrian school of economics. Value, for Ehrenfels, is a function of desire, and we ascribe value to those things which we either do in fact desire, or would desire if we were not convinced of their existence. He (...) asserts that the needed theoretical understanding of values is to be achieved by generalizing economic laws of valuation to apply to value in general. The law of marginal utility, for example, is a law to the effect that the n+1st sample of a good which I receive is ceteris paribus less valuable than the nth sample (imagine that the samples in question are, for example, a series of identical ham sandwiches). The essay describes how Ehrenfels provides on this basis an account of the different types of values, both intrinsic and non-intrinsic. It outlines also Ehrenfels views on the problem of interpersonal value-comparisons and on the struggle for survival between different values of different types. (shrink)

This survey first deals with The Downfall of Values, a collection of essays by Max Scheler, late Professor of Philosophy at Cologne. It then summarizes a small book on The Controversy Concerning Causation in Recent Physics, by Hugo Bergmann, for which Einstein has written a preface. Next it considers Georg Stieler's inquiry into The Individual and the Mob. Finally, it deals with Wilhelm Worringer's contribution to æsthetics in hision and Empathy.

Friedrich Albert Lange is usually regarded as a representative of physiological neo-Kantianism or as a forerunner of the Marburg school of neo-Kantianism. In this paper I try to reconstruct Lange’s theory of values to argue that his philosophy is better framed as an intermediate point in the development of the two-world theory (facts/values) between Hermann Lotze and Southwestern neo-Kantianism.

Mr Dobb examines the history of economic thought in the light of the modern controversy over capital theory and, more particularly, the appearance of Sraffa's book The Production of Commodities by Means of Commodities, which was a watershed in the critical discussions constituted a crucial turning-point in the history of economics: an estimate not unconnected with his reinterpretation of nineteenth-century economic thought as consisting of two streams or traditions commonly confused under the generic title of 'the classical tradition' against (...) which Jevons so strongly reacted. (shrink)

Adopting a dispositional theory of value promises to deliver a lot of theoretical goodies. One recurring problem for dispositional theories of value, though, is a problem about nonconvergence. If being a value is being disposed to elicit response R in us, what should we say if it turns out that not everybody is disposed to have R to the same things? One horn of the problem here is a danger of the view collapsing into an error theory—of it (...) turning out, on account of the diversity of agents' relevant dispositions, that nothing is really a value, since nothing is disposed to elicit R in everybody. Alternatively, there is a danger of an objectionable fragmentation of value, according to which there is no such thing as a value simpliciter, but only valuesme and valuesyou, valuesus and valuesthem. I advocate a de se relativist version of a dispositional theory of value. If we go for this sort of de-se-ified dispositional theory, we get to keep our theoretical goodies, but we avoid the problem of nonconvergence that leads to a danger of either collapse into an error theory, or else talking-past, and a loss of common subject matter. (shrink)

The pres ent book aims to exemplify the latter rather than the former method, and if it should prove tedious, that fault will be due in part, at least, to the ...