ABSTRACT
Chapter Seven. A Psychological Theory of Value Approval and disapproval vary with the needs, present or past, and with the habits and circumstances of the individual. How ever well-organised he may be, some impulses will always remain which directly or indirectly conflict with others. The satisfaction of any impulse is so far valuable. Apart from conse quences, anyone will actually prefer to satisfy a greater number of equal impulses rather than a less. But the only relevant con sequences are interferences with other impulses. The moral problem thus becomes one of avoiding waste.