Objectivist theory of value
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- Note: This is not to be confused with theories of economic value, which seek to explain why things have different market prices.
The Objectivist theory of value is the theory of value held by Objectivists, as propounded by the founder of Objectivism, Ayn Rand.[1] Objectivists explains the worth of goods and services as a relationship between intrinsic, observable attributes in nature, human knowledge of such attributes, and how such attributes can satisfy the subjective needs of humans.
Theory of value
The Objectivist theory of value holds the following:
- Reality exists independently of perception:
- see Objectivism
- Reality exists independent of human perception. If humans did not exist, reality would still exist. Reality has some properties that cannot be changed; but humans can observe, learn and know what these properties are. These properties are said to be intrinsic to reality.
- Humans have unique needs :
- By virtue of being alive, humans have needs, which may be unique to each individual. Humans do not exist outside of reality, and have wants and needs to continue living. Some needs may be universal, like water; some needs may be individual, like hearing aids. Needs are subjective because they may change from individual to individual.
- Humans survive by reason :
- Unlike other animals, humans do not satisfy their needs by instinct, but by accumulating knowledge about facts and properties of reality, and applying that knowledge to satisfy its needs.
- Value is an objective relationship:
- Consider the following example of a caveman in need of meat:
- The caveman has a need for fresh meat.
- The caveman observes that a rock falling on an animal kills it.
- After many such observations, the fact that a rock has the property "kills animals", becomes part of the caveman's knowledge of reality.
- Because of this knowledge, rocks become valuable to the caveman as a tool for getting fresh meat.
- Consider the following example of a caveman in need of meat:
- The value of the rock as being able to kill animals, requires both the intrinsic and the subjective to be present:
- The intrinsic property of the rock of being both hard and heavy have to be present. A piece of pumice will not work.
- The subjective need for meat has to be present. A hard and heavy rock will be of no value to a vegetarian (although the rock may be of value as a grindstone to such a person).
- Therefore value is not a quality contained solely in the object, or solely in the mind of the human, but is a relationship between the intrinsic facts of reality, and the subjective needs of humans. The value is said to be objective because for one particular human, under one particular set of circumstances, the value of an object will always be the same to that human.
- The value of the rock as being able to kill animals, requires both the intrinsic and the subjective to be present:
Aesthetics
In Objectivism, aesthetics are seen as a "recreation of reality according to [the artist]'s values".[2] The worth of art stems from the Randian interpretation of the questions 'what could be' and 'what ought to be'.[3] The fundamental Objectivist belief in the objectivity of reality demands that art 'could be' possible, whilst Objectivist value theory dictates that the art be a representation of the best of all possibilities, with what is 'best' being derived from the values of the artist.[4] The worth and beauty of the art is then assessed according to the values of the beholder.[5] As such, Rand describes Objectivist aesthetics, as expression of value, as being consistent with the romantic realist school of art.[6]
See also
Footnotes
- ^ Rasmussen, Douglas (28 December 1990). "Ayn Rand on Obligation and Value" (PDF). Libertarian Alliance. ISBN 1-85637-120-4. Retrieved 2007-08-25.
{{cite journal}}: Cite journal requires|journal=(help) - ^ Rand (2005c), p. 181
- ^ Rand (2005c), p. 181
- ^ Rand (2005c), p. 181
- ^ Rand (2005c), p. 227
- ^ Rand (2005a), pp. 104–5
References
- Rand, Ayn (2005a). The Romantic Manifesto. New York: New American Library. ISBN 0-451-14916-5.
{{cite book}}: Unknown parameter|origdate=ignored (|orig-date=suggested) (help) - Rand, Ayn (2005b). The Virtue of Selfishness. New York: New American Library. ISBN 0-451-16393-1.
{{cite book}}: Unknown parameter|origdate=ignored (|orig-date=suggested) (help) - Rand, Ayn (2005c). Robert Mayhew (ed.). Ayn Rand Answers. New York: New American Library. ISBN 0-451-21665-2.