Value, Scientific

Few terms are as subject to confusion as the word value. Used as a noun, it denotes objective things, states, processes, or qualities that are approved, desired, or found worthy by at least one valuer (e.g., "At first, money was Scrooge's only value."). Used as a transitive verb, however, it denotes the subjective condition of appreciating, approving, or desiring something (e.g., "I value your smile."). It may refer to what is positively appreciated by a single subject, but also to what is found worthy by groups, who may share purposes, preferences, and norms (e.g., "Middle class values are in flux."). Since different individuals or groups may approve different things, values between valuers may clash, and debates may rage over whether someone else's value is really a value at all. Further, since many different, and sometimes incompatible, types of things may be found worthy even within the same group or by the same individual,...

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