Neutral and Relative Value

This chapter examines the distinction that is sometimes drawn between neutral and relative attributions of value. It asks whether a plausible interpretation can be found for claims about relative value; whether an interpretation can be found for claims about neutral value which best captures the thoughts that people express by using this distinction; whether the distinction can be used to produce a satisfactory way of formulating a relative-value consequentialist theory; and whether a theory of that kind is plausible. A positive answer is given to the first three questions, but a negative one to the fourth.