Total Value
The total ethic or philosophic value of an object can be regarded as being the product of its average value, average intensity and value duration. It may be either absolute or relative or both.
Any decrease in the whole value, intensity or duration of an object decreases its total value and vice versa. For example, again taking a fictional life-stance regarding waffles as of ends-in-themselves, it still doesn't generate any total value if there are no waffles, no intensity, no matter how much average value a waffle has.
Alternatively described, the total value can be regarded as being the sum of the total intrinsic value and total instrumental value. Still, it may be either relative or absolute, or both.
Read more about this topic: Value (ethics)
Famous quotes containing the word total:
“If you have only one smile in you, give it to the people you love. Don’t be surly at home, then go out in the street and start grinning “Good morning” at total strangers.”
—Maya Angelou (b. 1928)
“Someone once asked me why women don’t gamble as much as men do, and I gave the common-sensical reply that we don’t have as much money. That was a true but incomplete answer. In fact, women’s total instinct for gambling is satisfied by marriage.”
—Gloria Steinem (b. 1934)