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{{AfDM|page=Objectivist theory of value|date=2007 August 23|substed=yes}}
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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''' is the [[value theory|theory of value]] held by [[Objectivism (Ayn Rand)|Objectivists]], as propounded by the founder of Objectivism, [[Ayn Rand]].<ref>{{cite paper |last=Rasmussen |first=Douglas |title=Ayn Rand on Obligation and Value |version= |publisher=[[Libertarian Alliance]] |date=28 December 1990 |url=http://www.libertarian.co.uk/lapubs/philn/philn025.pdf |format=PDF |id=ISBN 1-85637-120-4 |accessdate=2007-08-25 }}</ref> Objectivists 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.
==Theory of value==
{{Unreferenced|date=August 2007}}
{{Original research|date=August 2007}}
The Objectivist theory of value holds the following:
▲:''Note: This is not to be confused with theories of economic value, which seek to explain why things have different market prices.''
*'''Reality exists independently of perception:'''
:::''see [[Objectivism (Ayn Rand)|Objectivism]]''
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::*The subjective need for meat has to be present. A hard and heavy rock will be of no value to a vegetarian (although the rock may be of value as a [[grindstone]] to such a person).
::Therefore value is not a quality contained solely in the object, or solely in the mind of the human, but is a relationship between the intrinsic facts of reality, and the subjective needs of humans. The value is said to be ''objective'' because for one particular human, under one particular set of circumstances, the value of an object will always be the same ''to that human''.
==Aesthetics==
In Objectivism, [[aesthetics]] are seen as a "recreation of reality according to [the artist]'s values".<ref>Rand (2005c), p. 181</ref> The worth of art stems from the Randian interpretation of the questions 'what could be' and 'what ought to be'.<ref>Rand (2005c), p. 181</ref> The fundamental Objectivist belief in the [[Objectivity (philosophy)|objectivity]] of [[reality]] demands that art 'could be' possible, whilst Objectivist value theory dictates that the art be a representation of the best of all possibilities, with what is 'best' being derived from the values of the artist.<ref>Rand (2005c), p. 181</ref> The worth and beauty of the art is then assessed according to the values of the beholder.<ref>Rand (2005c), p. 227</ref> As such, Rand describes Objectivist aesthetics, as expression of value, as being consistent with the [[romantic realism|romantic realist]] school of art.<ref>Rand (2005a), pp. 104–5</ref>
==See also==
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*[[Subjective theory of value]]
*[[Capitalism]]
==Footnotes==
{{reflist}}
==References==
* {{cite book |first=Ayn |last=Rand |authorlink=Ayn Rand |title=[[The Romantic Manifesto]] |origdate=January 1971 |year=2005a |publisher=[[New American Library]] |___location=New York |isbn=0-451-14916-5 }}
* {{cite book |first=Ayn |last=Rand |authorlink=Ayn Rand |title=[[The Virtue of Selfishness]] |origdate=November 1964 |year=2005b |publisher=[[New American Library]] |___location=New York |isbn=0-451-16393-1 }}
* {{cite book |first=Ayn |last=Rand |authorlink=Ayn Rand |editor=Robert Mayhew |title=Ayn Rand Answers |year=2005c |publisher=[[New American Library]] |___location=New York |isbn=0-451-21665-2 }}
==External links==
*[http://www.aynrand.org The Ayn Rand Institute
[[Category:Value theory]]
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