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Value theory

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Value theory, also known as axiology, is the systematic study of values. It explores the nature, sources, and types of what we consider valuable. As a branch of philosophy, it investigates what it means for something to be good. It also examines how values influence human emotions, desires, and decisions.

Socrates Louvre
Socrates Louvre

This field is essential because values serve as guiding principles. They underpin our political, economic, and scientific systems. Value theorists analyze many complex concepts, such as well-being, beauty, justice, and wisdom. Some see it as a broad discipline including ethics and aesthetics. Others view it more narrowly as a subdiscipline of ethics.

G-H-von-Wright-1961 (cropped)
G-H-von-Wright-1961 (cropped)

To study value, theorists use various evaluative terms. These are words used to express and compare worth. Some terms are described as "thin." Thin terms, like "good" or "bad," express a pure evaluation. They do not provide much descriptive detail. Other terms are called "thick" evaluative terms. Examples include "courageous" or "cruel." These words provide more information by describing specific character traits.

Schwartz theory of basic human values
Schwartz theory of basic human values

Theorists also distinguish between evaluative terms and normative terms. Normative or deontic terms, such as "right" or "wrong," describe what ought to be done. Evaluative terms have a wider scope. They can describe things people cannot control, like an earthquake or digestion. An earthquake can have a negative value without being "wrong."

One major way to classify values is by their function.

Chain of instrumental values
Chain of instrumental values

An entity has intrinsic value if it is good in itself. This value is independent of external factors or outcomes. For example, many believe pleasure or knowledge has intrinsic value. In contrast, an entity has instrumental value if it is useful as a means to an end. A tool like a microwave has instrumental value. Money also has instrumental value because it can buy other things.

Chain of instrumental values
Chain of instrumental values

This can create a "chain of instrumental values." Each link in the chain is valuable because it leads to the next link. These chains eventually end at something with intrinsic value. Intrinsic values ground the value of all the preceding links.

Values can also be categorized by their relationship to other things. Some thinkers distinguish between absolute and relative values. Absolute value is a form of unconditional value. On the other hand, relative value depends on specific viewpoints or comparisons. For example, saying "that is a good knife" is a form of relative value. The value is restricted to the function of the object.

IsaiahBerlin1983
IsaiahBerlin1983

Some theorists also discuss the difference between intrinsic and extrinsic value. An intrinsic property is one that does not depend on how a thing relates to other objects. Extrinsic value depends on external relations. Instrumental value is a type of extrinsic value based on causal relations. However, some argue that "final value" is a better term for what is valued for its own sake.

There are many debates regarding the origins of value. Value realists argue that values exist as objective features of reality. They believe values are real parts of the world. Anti-realists reject this idea. Some anti-realists see values as subjective human creations. Others believe that value statements are actually meaningless.

1914 George Edward Moore (cropped)
1914 George Edward Moore (cropped)

Different schools of thought also propose different sources for value. Hedonists argue that pleasure is the only thing with intrinsic value. Desire theorists suggest that human desires are the ultimate source. Perfectionists focus on the cultivation of human abilities. Value pluralists believe there are many diverse sources of intrinsic value. They often debate if different types of value can be compared.

Value theorists use several methods to conduct their research. They often rely on intuitions and thought experiments. One famous thought experiment was proposed by G. E. Moore.

1914 George Edward Moore (cropped)
1914 George Edward Moore (cropped)

He imagined a valuable thing in total isolation. In this scenario, instrumental things lose value because they have no purpose. However, purely intrinsically valuable things remain valuable. Beyond thought experiments, theorists use the analysis of language. They also use the description of first-person experiences. Other methods include observing human behavior and using surveys to gather data.

This field is deeply connected to many other academic disciplines. In economics, theories of value help explain the value of commodities. In sociology and anthropology, researchers study values as aspects of culture. They look at how values reflect the beliefs of a society. Psychology views values as abstract motivational goals. These goals help shape an individual's personality.

Half Portraits of the Great Sage and Virtuous Men of Old - Confucius
Half Portraits of the Great Sage and Virtuous Men of Old - Confucius

While ethics focuses on normative concepts of right behavior, value theory explores evaluative concepts. It asks what is good, rather than just what is right. Together, these fields help us understand the complex ways humans assign worth to the world.

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File:Socrates Louvre.jpg
Socrates Louvre.jpg
File:Chain of instrumental values.svg
Chain of instrumental values.svg
File:IsaiahBerlin1983.jpg
IsaiahBerlin1983.jpg
File:1914 George Edward Moore (cropped).jpg
1914 George Edward Moore (cropped).jpg
File:Schwartz theory of basic human values.svg
Schwartz theory of basic human values.svg
File:Half Portraits of the Great Sage and Virtuous Men of Old - Confucius.jpg
Half Portraits of the Great Sage and...
File:G-H-von-Wright-1961 (cropped).jpg
G-H-von-Wright-1961 (cropped).jpg
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