Value theory
From The Art and Popular Culture Encyclopedia
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Value theory encompasses a range of approaches to understanding how, why and to what degree people value things; whether the thing is a person, idea, object, or anything else. This investigation began in ancient philosophy, where it is called axiology or ethics. Early philosophical investigations sought to understand good and evil and the concept of "the good". Today much of value theory is scientifically empirical, recording what people do value and attempting to understand why they value it in the context of psychology, sociology, and economics.
At the general level, there is a difference between moral and natural goods. Moral goods are those that have to do with the conduct of persons, usually leading to praise or blame. Natural goods, on the other hand, have to do with objects, not persons. For example, to say that "Mary is a morally good person" might involve a different sense of "good" than the one used in the sentence "That was some good food".
Ethics is mainly focused on moral goods rather than natural goods, while economics has a concern in what is economically good for the society but not single person and is also interested in natural goods. However, both moral and natural goods are equally relevant to goodness and value theory, which is more general in scope.
See also
- Axiology
- Conscience
- Evolutionary psychology
- Graded absolutism
- Intuitionism
- Labor theory of value
- Law of value
- Morality
- Friedrich Nietzsche
- Normative science
- Pirsig's metaphysics of Quality
- Rationality
- Rationality and power
- Summum bonum
- Tragedy of the commons
- Ultimate importance
- Value-added theory
