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Intrinsic Value and Investment

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  • O'Day, Ken

Abstract

In this paper I critically evaluate Ronald Dworkin's attempt in Life's Dominion to understand sacred value as a form of intrinsic value which is grounded in investment. I argue that there are two problems with Dworkin's conception of intrinsic value. First, it does not allow him to distinguish, as he must, between incremental and sacred values. Secondly, sacred value qua intrinsic value is not the kind of value which can be grounded in investment. I argue that both of these problems are an implication of a realist conception of intrinsic value. Nevertheless, investment does seem to play a role in our judgements about intrinsic value and in light of this I aim to develop an alternative account of intrinsic value whichcan make sense of this.

Suggested Citation

  • O'Day, Ken, 1999. "Intrinsic Value and Investment," Utilitas, Cambridge University Press, vol. 11(2), pages 194-214, July.
    • Handle: RePEc:cup:utilit:v:11:y:1999:i:02:p:194-214_00
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