Value theoryIn ethics and the social sciences, value theory involves various approaches that examine how, why, and to what degree humans value things and whether the object or subject of valuing is a person, idea, object, or anything else. Within philosophy, it is also known as ethics or axiology. Traditionally, philosophical investigations in value theory have sought to understand the concept of "the good". Today, some work in value theory has trended more towards empirical sciences, recording what people do value and attempting to understand why they value it in the context of psychology, sociology, and economics.
Axiological ethicsIn the field of philosophy, Axiological ethics is concerned with the values by which people uphold ethical standards, and the investigation and development of theories of ethical behaviour. Axiological ethics investigates and questions what the intellectual bases for a system of values. Axiologic ethics explore the justifications for value systems, and examine if there exists an objective justification, beyond arbitrary personal preference, for the existence and practise of a given value system.
HedonismHedonism refers to a family of theories, all of which have in common that pleasure plays a central role in them. Psychological or motivational hedonism claims that human behavior is determined by desires to increase pleasure and to decrease pain. Normative or ethical hedonism, on the other hand, is not about how humans actually act but how humans should act: people should pursue pleasure and avoid pain. Axiological hedonism, which is sometimes treated as a part of ethical hedonism, is the thesis that only pleasure has intrinsic value.
HappinessHappiness is a positive and pleasant emotion, ranging from contentment to intense joy. Moments of happiness may be triggered by positive life experiences or thoughts, but sometimes it may arise from no obvious cause. The level of happiness for longer periods of time is more strongly correlated with levels of life satisfaction, subjective well-being, flourishing and eudaimonia. In common usage, the word happy can be an appraisal of those measures themselves or as a shorthand for a "source" of happiness (for example, "find happiness in life" as in finding the meaning in life).
Normative ethicsNormative ethics is the study of ethical behaviour and is the branch of philosophical ethics that investigates the questions that arise regarding how one ought to act, in a moral sense. Normative ethics is distinct from meta-ethics in that the former examines standards for the rightness and wrongness of actions, whereas the latter studies the meaning of moral language and the metaphysics of moral facts. Likewise, normative ethics is distinct from applied ethics in that the former is more concerned with 'who ought one be' rather than the ethics of a specific issue (e.
ConsequentialismIn ethical philosophy, consequentialism is a class of normative, teleological ethical theories that holds that the consequences of one's conduct are the ultimate basis for judgment about the rightness or wrongness of that conduct. Thus, from a consequentialist standpoint, a morally right act (or omission from acting) is one that will produce a good outcome. Consequentialism, along with eudaimonism, falls under the broader category of teleological ethics, a group of views which claim that the moral value of any act consists in its tendency to produce things of intrinsic value.
