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:
“You have got to prepare for a lifetime of the pillory, for whatever you do will be seen as wrong by total strangers, up until and including the time when whatever your child does will be seen as wrong by total strangers.”
—Sonia Taitz (20th century)
“The word infant derives from Latin words meaning “not yet speaking.” It emphasizes what the child cannot do and reflects the baby’s total dependence on adults. The word toddler, however, demonstrates our change in perspective, for it focuses on the child’s increased mobility and burgeoning independence.”
—Lawrence Kutner (20th century)