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In moral philosophy, instrumental and intrinsic value are the distinction between what is a means to an end and what is as an end in itself. [1] Things are deemed to have instrumental value (or extrinsic value [2]) if they help one achieve a particular end; intrinsic values, by contrast, are understood to be desirable in and of themselves.
An entity has instrumental value if it leads to other good things. Instrumental values can form chains with intrinsic values as their end points. A thing has intrinsic or final value if it is good in itself or good for its own sake. This means that it is good independent of external factors or outcomes. A thing has extrinsic or instrumental ...
"Understanding science" may be such a good, being both worthwhile in and of itself, and as a means of achieving other goods. In these cases, the sum of instrumental (specifically the all instrumental value) and intrinsic value of an object may be used when putting that object in value systems, which is a set of consistent values and measures.
"Understanding science" may be such a good, being both worthwhile in and of itself, and as a means of achieving other goods. In these cases, the sum of instrumental (specifically the all instrumental value) and intrinsic value of an object may be used when putting that object in value systems, which is a set of consistent values and measures.
Sen relabeled instrumental and value rationality by naming their traditional defects. Weber's value-rationality became "process-independent" reasoning. It ignores instrumental means as it judges intended consequences: "the goodness of outcomes" always valuable in themselves. Its use produces fact-free intrinsically good knowledge.
Intrinsic value is in contrast to instrumental value (also known as extrinsic value), which is a property of anything that derives its value from a relation to another intrinsically valuable thing. [1] Intrinsic value is always something that an object has "in itself" or "for its own sake", and is an intrinsic property.
In philosophy of science and in epistemology, instrumentalism is a methodological view that ideas are useful instruments, and that the worth of an idea is based on how effective it is in explaining and predicting natural phenomena.
If goods are said to be "overvalued" or "undervalued", this assumes that one can reliably and accurately identify what the "true value" is. Yet the true value may only be hypothetical, since its definition depends on market conditions, and on the particular vantage point (or assumptions) adopted.