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:
“The effectiveness of our memory banks is determined not by the total number of facts we take in, but the number we wish to reject.”
—Jon Wynne-Tyson (b. 1924)
“I think that if most guys in America could somehow get their fave-rave poster girl in bed and have total license to do whatever they wanted with this legendary body for one afternoon, at least 75 percent of the guys in the country would elect to beat her up.”
—Lester Bangs (1948–1982)