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{{Objectivism}}
:''Note: This is not to be confused with theories of economic value, which seek to explain why things have different market prices.''
The '''Objectivist theory of Value''', as proposed by [[Ayn Rand]], explains the [[worth]] of goods and services as a relationship between [[intrinsic]], [[observable]] attributes in nature, [[human]] [[knowledge]] of such attributes, and how such attributes can satisfy the [[Subjectivity|subjective]] needs of humans. The Objectivist theory of value holds the following:
*'''Reality exists independently of perception:'''
:::''see [[Objectivism (metaphysics)|Objectivism]]''
::Reality exists independent of human perception. If humans did not exist, reality would still exist. Reality has some properties that cannot be changed; but humans can observe, learn and know what these properties are. These properties are said to be [[intrinsic]] to reality.
*'''Humans have unique needs :'''
::By virtue of being alive, humans have needs, which may be unique to each individual. Humans do not exist outside of reality, and have wants and needs to continue living. Some needs may be universal, like water; some needs may be individual, like [[hearing aid]]s. Needs are [[Subjectivity|subjective]] because they may change from individual to individual.
*'''Humans survive by reason :'''
::Unlike other animals, humans do not satisfy their needs by [[instinct]] (other than the most basic needs), but by accumulating knowledge about facts and properties of reality, and applying that knowledge to satisfy its needs.
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