Katie McShane

The issue of intrinsic values is often a point of disagreement and sometimes confusion between ethicists and economists. Ethicists often criticise economic modes of valuation for failing to take account of intrinsic values. In response, economists have proposed a number of different types of value meant to account for intrinsic values within an economic framework. However, many ethicists have criticised these notions as inadequate substitutes for ethical understandings of intrinsic value. One reason for confusion about this issue is that there are many different meanings of ‘intrinsic value’ within ethics. This chapter identifies those meanings and the differences among them, and considers how well the types of value proposed within economics can capture them.