The word ‘value’ comes from the Latin ‘valere’ – to be strong – to be relied upon – to have worth. Philosophically speaking, it is possible to say that something has ‘intrinsic value’ if it has qualities that go beyond usefulness. If something is intrinsically valuable then it is worthy in its own right without having any reference to how it might be used or marketed. In the world of human affairs, however, the notion of value tends to be tied to usefulness. So the ‘value’ of something is usually thought to be that attribute that makes it, in some sense, worthy of use. If something has no use it tends to be regarded as worthless and if it is worthless, it tends to be regarded as having no social or economic value.
Swipe to navigate through the chapters of this book
Please log in to get access to this content
- Macmillan Education UK
- Sequence number