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  1. What is value? Value is an abstract concept. A value as such is a place within a particular hierarchy. To value something is to judge where within a particular hierarchy a particular thing is. Ayn Rand asserted that a value is that which one acts to gain or keep however she confuses “value” here with a few other concepts. Her confusion is innocent however ironic. I say it is ironic because it was she who discovered precisely how to define a concept. “When in doubt about the meaning or the definition of a concept, the best method of clarification is to look for its referents-i.e., to ask oneself: What fact or facts of reality gave rise to this concept? What distinguishes it from all other concepts? ” (Introduction to Objectivist Epistemology) So indeed, what facts give rise to the concept “value”? “Value” is used in many contexts and yet always holds the same characteristic in each context. It is used in all numerical contexts. A numerical value is always positive or negative. “1” is a “value”. “-17,000,000,000,000” is also a “value.” “Value” is used also in philosophical contexts. If something is moral, i.e., in one’s rational self interest, it is of positive “value” to one’s life; it is highly valuable. If something is immoral it is of negative value to one’s life; it is destructive. What then distinguishes the primary use of “value” from all other concepts? ... (Clean here To finish reading "On The Definition Of Value")
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