The Scale of Value

An economic good does not necessarily have to be embodied in a tangible thing. Non material economic goods are called services. Acting man chooses between various opportunities offered for choice, he prefers one alternative to others. Ethical doctrines are intent upon establishing scales of value according to which man should act, but does not necessarily always act. They claim for themselves the vocation of telling right from wrong and of advising man concerning what he should aim at as the preme good.